"India's Kingfisher Airlines is looking to sell an equity stake to raise cash and has called on the Government to ease restrictions on foreign airlines owning stakes in Indian carriers.
The Government currently outlaws foreign carriers from having stakes in Indian carriers but Kingfisher's chairman, Vijay Mallya, has publicly called for the restrictions to be eased to allow foreign carriers to own as much as 25%." La suite.
Source : Financial Times
"Kingfisher urges New Delhi to let foreign carriers buy airline stakes"
"Vijay Mallya, chairman of debt-laden Kingfisher Airlines, has urged New Delhi to allow foreign airlines to take stakes of up to 25 per cent in Indian carriers to help the ailing aviation industry survive pressing financial difficulties. Mr Mallya, head of an empire that spreads from alcohol to aviation interests, said in an interview that he was "approached constantly" by foreign carriers seeking tie-ups with Kingfisher, which is one of India's two largest private airlines and renowned for its attentive service." La suite.
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