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India allows lessors to repossess Kingfisher planes

India allows lessors to repossess Kingfisher planes

Kingfisher's 15 planes have been deregistered by the Indian civil aviation regulator DGCA paving the way for global leasing companies to take them back and easing worries that the dispute might hurt purchases by other Indian carriers. The move comes a day after officials from German bank DVB, one of the largest global aviation financing banks, met DGCA chief Arun Mishra to press for deregistration of the two aircraft.