City Airways' leased 737-400 to be repossessed by lessor Logistic Air

A City Airways (Thailand) leased 737-400 Reg. HS-GTG is to be repossessed by lessor Logistic Air, 3 months after the lease commenced. Logistic Air, has begun repossession procedures due to non-payment of monthly dues by City Airways. Logistic Air, has become the third lessor in a 2-year period to take action to repossess an aircraft from City Airways, following in the footsteps of BCI and AAR.