Friday, July 23, 2010

DVB sues Kingfisher for rental default

Kingfisher Airlines, the debt-laden aviation company run by Vijay Mallya, has been sued by Singapore’s DVB Aviation Finance Asia Ltd., seeking
recovery of dues on aircraft lease, said a person familiar with the development.

The case was filed in a UK court on July 16 after Kingfisher did not pay for the last three months for the two Airbus A 320 it leased, said the official at DVB who did not want to be identified. “There is a grace period of......

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