Kingfisher in talks to acquire US airline

The Vijay Mallya-promoted Kingfisher Airlines is now scouting for acquisitions in the US, following aborted efforts to acquire Air Sahara. The acquisition proposal is aimed at expediting its international operations, which is stuck because of strict government norms.
According to highly placed sources, Kingfisher Airlines is in talks with four leading US-based airlines. The sources added the airlines was working out various modalities for international operations, but nothing has been finalised.
Currently, an airline needs at least five years of continuous operations and a fleet of 20 aircraft to start flying on international routes.
Meanwhile, the airline floated an US subsidiary – Kingfisher International Airlines Inc – in a bid to launch non-stop flights from New York to various Indian cities.
Mallya said the airline was planning to fly Bangalore-San Francisco and Mumbai-New York routes with long-range four engine Airbus aircraft.
23/05/06 P R Sanjai /Business Standard

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