Air Works reaps benefits from Kingfisher grounding

Singapore
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Independent MRO company Air Works is benefiting from the grounding of Kingfisher Airlines in October last year.

Managing director Vivek Gour says that his company has had some financial exposure to the grounding of the airline, but adds that this has also turned into an opportunity to do more work.

"Now we are doing work on the repossession of the Kingfisher aircraft, doing preservation and care on behalf of the banks and lessors, and in some cases rebuilding the aircraft," he says.

Some of Kingfisher's lessors have expressed concerns that significant parts on many aircraft have been removed and may be hard to trace for certification purposes.

Gour says that many of the ex-Kingfisher aircraft are in a poor condition and require some extensive work before they can be ferried out of the country.

Repossession of Kingfisher's fleet has been a contentious issue, with Germany's DVB Bank locked in court action against India's director general of civil aviation over its refusal to deregister two aircraft that have been repossessed in Turkey.

Kingfisher maintains that it plans to return to the air in the short term, but has had its revival plans stopped by the DGCA, reportedly on concerns that they lack detail on how the airline will be financed.