India finance at risk if airlines flout rules - ILFC

DUBLIN Tue Jan 22, 2013 5:42pm IST

A passenger aircraft is silhouetted against the rising moon in New Delhi May 7, 2009. REUTERS/B Mathur/Files

A passenger aircraft is silhouetted against the rising moon in New Delhi May 7, 2009.

Credit: Reuters/B Mathur/Files

Related Topics

Stocks

   

DUBLIN (Reuters) - India could put at risk the financing needed to support its aviation growth if airlines that cannot pay their bills fail to return aircraft to their owners, the head of U.S. leasing giant International Lease Finance Corp warned on Tuesday.

ILFC has a team of people in India trying to recover four aircraft from troubled Kingfisher Airlines (KING.NS) but has faced bureaucracy and delays, ILFC Chief Executive Henri Courpron told Reuters.

In an interview, Courpron also delivered a warning to planemakers Airbus EAD.PA and Boeing (BA.N) that they should not remain too focused on outselling each other at the risk of driving up backlogs to unsustainable levels.

He also said the sale of a majority of ILFC by its insurance parent AIG (AIG.N) to a Chinese consortium was expected to be completed on time in the second quarter.

(Reporting by Tim Hepher; Editing by James Regan)

FILED UNDER:

Fast-tracking Projects

REUTERS SHOWCASE

Oil Prices

Oil Prices

Oil resumes slide after brief rebound on short-covering.  Full Article 

Space Programme

Space Programme

ISRO tests its heaviest space launch vehicle, eyes global market   Full Article 

Coal India Strike

Coal India Strike

Coal India workers threaten five-day strike, stokes output worries  Full Article 

Gold Discount

Gold Discount

Dealers offer gold discount for first time in five months  Full Article 

Lakhvi Granted Bail

Lakhvi Granted Bail

Pakistan court bails man accused of masterminding Mumbai attack  Full Article 

GST Bill

GST Bill

Cabinet clears bill for nationwide goods and services tax.  Full Article 

Aviation Sector

Aviation Sector

Breakingviews: SpiceJet rescue is no fix for India aviation woes.  Full Article 

Global Economy

Global Economy

Fed confident on U.S. growth, opens door wider to rate hike.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage