Kingfisher eyes buyout abroad

New Delhi: Liquor baron Vijay Mallya is close to uncorking a major acquisition deal in the international airline space.
As part of his plans to spread his Kingfisher Airlines' wings in the overseas market, Mallya is now sewing together plans to acquire an international airline - a move that would take his year-old full-service airline global.
Mallya is in advanced negotiations for buying an international carrier, which would give his Kingfisher Airlines the right to mount flights into India, sources close to the development told ToI. Mallya said he has already floated an airline company in America under the name Kingfisher International Inc. "But we need to have aircraft and other infrastructure to start operations, for which I am also exploring a tie-up with one of the local airlines,"he said.
Mallya is planning to take his airline international by the end of 2007 or early 2008, which will be the time when he starts taking delivery of the long-haul planes ordered from Airbus.
01/05/06 Byas Anand/Times of India

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