Hyderabad: Global aircraft lessors AWAS has initiated the process to recover the 14 aircraft that it had leased to grounded carrier Kingfisher Airlines.
These aircraft, lying in different airports in the country, had been de-registered by the Directorate General of Civil Aviation, and allowed the lessors to take them over in March last year on grounds of default of lease rentals.
AWAS is now trying to first repair these aircraft, as the first step towards their recovery. It has approached the Union Commerce Ministry for permission to have these 14 aircraft, including seven Air Bus 320s, repaired at the GMR Hyderabad Aviation SEZ Ltd.
The Board of Approvals under the Ministry will take a decision on this when it holds its next meeting on January 17.
Read News in full 06/01/14 Business Line
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