New Delhi: Certain aircraft lessors and bankers to ailing Kingfisher Airlines (KFA) have invoked corporate guarantees given by Vijay Mallya-led United Breweries (Holdings) and negotiations are on over the issue.
Earlier this week sources had said lessors wanted to take six aircraft back as KFA had defaulted on rentals.
However, the Airport Authority of India (AAI) had refused to allow the lessors to take back the aircraft.
Following this, one of the lessors had sent a legal notice to AAI for not passing the releasing order.
AAI's contention was that it could not let the aircraft go, as it too had to recover dues of about Rs 300 crore on account of landing and parking fees from the near-bankrupt KFA.
The airline, which has not paid salaries to its employees for the past five months (some have not been paid for six months), has been defaulting on payments to AAI, oil companies, aircraft leasing companies and the government tax authorities.