Kingfisher CEO backs A350 revamp, no orders

Farnborough: Kingfisher Airlines said on Tuesday it would stand by orders for Airbus' redesigned A350 mid-sized jet, provided the price does not rise, but said it had no plans to buy any more of the planes or any other aircraft.
"We have already ordered aircraft and we do not need to order any more aircraft right now," Kingfisher Chief Executive Vijay Mallya told Reuters on the sidelines of the Farnborough International Airshow.
Mallya, a flamboyant beer tycoon who founded Kingfisher, also joined Finland's Finnair in backing a controversial redesign of the A350. He did not expect the price Kingfisher had agreed to pay for five A350 planes to change.
"Our 350s are going to come to us in 2012 and if we are getting a brand new aircraft for the same price, something that is a lot better than the old 350s, then it is a reason to celebrate," Mallya said in an interview.
18/07/07 Michael Smith/Reuters India

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