Reuters: Bankruptcy News: India finance at risk if airlines flout rules-ILFC

Reuters: Bankruptcy News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

India finance at risk if airlines flout rules-ILFC Jan 22nd 2013, 12:05 DUBLIN | Tue Jan 22, 2013 7:05am EST DUBLIN Jan 22 (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 but has faced bureaucracy and delays, ILFC Chief Executive Henri Courpron told Reuters. In an interview, Courpron also delivered a warning to planemakers Airbus and Boeing 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 to a Chinese consortium was expected to be completed on time in the second quarter.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions