Kingfisher Airlines to go public in 3-5 months

Berlin: Less than a year after it took off, Kingfisher Airlines is all set to come out with its initial public offering within the next three to five months, chairman Vijay Mallya said in Berlin on Thursday adding the process was "already in the wires."
Speaking to PTI at the ITB travel and tourism fair here, Mallya said, "We are ready to go public with Kingfisher Airlines. Within 10 months we already have a market share of over seven per cent and two international awards. Our customers keep coming back. So we will be coming out with an IPO within the next three to five months. The process is already started."
Reviewing his airline's progress since it took off in May last year, Mallya also made known his intentions to go international next year very clear and said the government's rule of giving permission to fly international after five years of inception was not a fair one.
09/03/06 Shilpa Jamkhandikar/Rediff

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