A court in Mumbai, India, has ordered that an impounded Airbus ACJ319 owned by former Kingfisher Airlines founder Vijay Mallya must be sold before March 1. The jet was seized three years ago by India’s tax authority after Kingfisher failed to remit $28 million in service taxes collected from passengers. The ACJ, manufactured in 2006, is on a finance lease from CJ Leasing of the Cayman Islands.
According to a source close to the company, the auction is likely to take place within the next few weeks. TheACJ, registered as VT-VJM (Mallya’s initials), is parked at Mumbai Chhatrapati Shivaji International Airport and might have suffered some corrosion, as Mumbai is fairly humid since it’s located on the coast. A maintenance technician told AIN that airframe patches near the wing root and APU area suggest that the airplane might also have been cannibalized.
The interior, which cost $25 million and is configured for 22 passengers, is in good condition with “no fungus or fading of upholstery,” the maintenance technician added.
While the geopolitical situation contributed to economic uncertainty in Q1, market fundamentals remained healthy. The quarter showed strong demand for business aviation, reflected in increasing aircra...
Cirrus launched Let’s Go Fly!, a first-of-its-kind app created for Apple Vision Pro that delivers an immersive introduction to Personal Aviation—the freedom, convenience and acce...
ExecuJet MRO Services Australasia is expanding its Falcon maintenance capability in Sydney, with new investments in specialist tooling, training and technical resources to support upcoming Falcon 7X h...
Lufthansa is focusing more than ever on premium service: Following the introduction of the new in-flight service on all long-haul flights in early May, the number of destinations where passengers can...
