Kingfisher, whose planes have been grounded for the past two months, declined to comment on the report. Etihad did not immediately respond to an email sent
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Tuesday, 11 December 2012
Etihad Airways to buy Kingfisher stake
The Gulf carrier Etihad Airways is close to buying a 48% stake in debt-ridden Indian carrier Kingfisher Airlines for a little over Rs 3,000 crore. A formal announcement of the deal could come around December 18, the birthday of Kingfisher's flamboyant chairman, Vijay Mallya, the newspaper said, without saying how it got the information.
Kingfisher, whose planes have been grounded for the past two months, declined to comment on the report. Etihad did not immediately respond to an email sent
Kingfisher, whose planes have been grounded for the past two months, declined to comment on the report. Etihad did not immediately respond to an email sent
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