News

Kingfisher Confirms Talks with Etihad

Kingfisher Confirms Talks with Etihad

India’s Kingfisher Airlines, whose licence has been suspended because of concerns over finances and safety, has confirmed that it is in talks with Etihad Airways and other investors to take a stake in the carrier.

Etihad Airways Logo

Kingfisher was launched in 2005 but has never made a profit and has US$1.4 billion (€1.07bn) in debts and it is looking to raise funds after lenders refused to give fresh loans.

A Mumbai-based newspaper has reported that Etihad is looking to buy a 48% stake in Kingfisher for nearly Rp30 billion rupees (€423m).

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 52 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 42 years.

More in News

Coach Arrives at The Loop, T2, Dublin Airport

Neil SteedmanMarch 24, 2019

The Europe Hotel Wins Award for ‘Hotel Spa of the Year’

Michael FloodMarch 22, 2019

What Travel Agents Should Know When Booking Families with a Child Who Has Autism

Neil SteedmanMarch 22, 2019

British Airways B747 Gets Heritage Livery

Michael FloodMarch 21, 2019

World ATM Congress in Madrid

Michael FloodMarch 21, 2019

Atlantic Joint Venture: a Partnership of Air Canada, Lufthansa Group and United Airlines

Ian BloomfieldMarch 21, 2019

Cathay Pacific Wants to Increase Flights from Dublin to Hong Kong

Michael FloodMarch 21, 2019

Uniworld Releases Renderings of New Ship on the Mekong

Michael FloodMarch 21, 2019

Cork Airport Rolls Out the Sunflower Lanyard

Michael FloodMarch 21, 2019

Copyright © 2019 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland