50 SKY SHADES - World aviation news

Mallya's ACJ319 Up for Auction To Cover Tax Liens

Download: Printable PDF Date: 01 Dec 2015 16:47 (UTC) category:
Publisher:
Mallya's ACJ319 Up for Auction To Cover Tax Liens - Business aviation publisher
Tatjana Obrazcova
Country: India Aircraft: Airplanes
Source: AIN

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.





Recommended

ExecuJet MRO Services Malaysia strengthens aviation talent pipeline through structured apprenticeship programme

ExecuJet MRO Services Malaysia announced new apprenticeship programme, aimed at developing the next generation of aircraft maintenance professionals, has produced its first batch of qualifie...

High Flying Hangars breaks ground on multi-acre development at Frederick Municipal Airport in Maryland

High Flying Hangars celebrated the groundbreaking event at its development now in progress at the Frederick Municipal Airport in Maryland (KFDK). Frederick City Mayor Michael O’Connor; Airport M...

Special Missions Cessna SkyCourier to appear at Farnborough International Airshow

Textron Aviation will return to the Farnborough International Airshow with a Cessna SkyCourier on static display, giving global customers and media an up‑close look at the aircraft’s e...

flydubai invites Emirati applicants for new Flight Dispatcher Programme

flydubai announced that applications are now open for its newly launched Flight Dispatcher Programme for Emirati talent. Following the MoU signed earlier this year with Emirates Aviation University, t...

Android Apps development in Riga, Latvia