Published on Wed, Sep 06, 2006 at 10:17 | Source : Moneycontrol.com
Updated at Wed, Sep 06, 2006 at 11:43
Like this story, share it with millions of investors on M3
0
Like this story, share it with millions of investors on M3
Kingfisher Airlines spreading its wings!
Kingfisher Airlines is keen to fly to foreign destinations. And Chairman, Vijay Mallya says if he does not get permission to fly to US from the Indian Civil Aviation Ministry by the end of next year, he has an alternative plan up his sleeve, reports CNBC-TV18.
Kingfisher Airlines is keen to fly to foreign destinations. And Chairman, Vijay Mallya says if he does not get permission to fly to US from the Indian Civil Aviation Ministry by the end of next year, he has an alternative plan up his sleeve, reports CNBC-TV18.
"After discussing and negotiating with many airlines, I have come to the conclusion that I don't really need to buy an airline. There are many airlines, which are willing to operate my aircraft on what is known as a 'damp lease'," said Vijay Mallya, Chairman, UB Group.
The UB Group is also keen on expanding its spirits business. Mallya confirms that he is in talks with White and Mackay, and South African wine company, Omnia for deals. He is also focussing on China as a huge market for the spirits business.
"So there will be US registered aircrafts, they will provide the pilots, they will comply with the FAA (Federal Aviation Administration) regulations, but everything else will be Kingfisher, which suits me fine," he added.
.jpg)
"So there will be US registered aircrafts, they will provide the pilots, they will comply with the FAA (Federal Aviation Administration) regulations, but everything else will be Kingfisher, which suits me fine," he added.
