Lessors occupied 34 aircraft of Kingfisher Airlines from March 2012 to June 2012 announced on 26 June 2012 due to the non-payment of lease rentals of about 1000 crore rupees to the lessors. As per Kingfisher the aircraft were willingly returned, not by lessors force.
Currently, kingfisher is left with 15 aircraft for the emergency purposes and 15 planes to carry out its operations. In the 15 aircraft, eight are ATRs, one A319, four A320s and two A321s.
Currently, Kingfisher Airline functions on around 100 odd flights with these aircraft. It pulls out its name from international operations as well. The airline is not in profit since its launch. The airline is not able to pay its dues to oil companies and airports. The airline is also failure to pay service tax and TDS to the government. Kingfisher is not giving salaries to its employee from February 2012, about 200 engineers are protesting against the delay in salary payments.
Kingfisher Airlines Limited is a n airline group based in India. It was established in 2003, owned by United Breweries Group, Bengaluru. The airline is also the sponsor of F1 outfit, Force India. It had the second largest share in India's domestic air travel market but due to the financial crisis currently it has the lowest market share currently.
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