Wednesday, November 29, 2006

Mallya moves to get Kingfisher fly to US

New Delhi: Vijay Mallya has appointed a law firm in US to seek regulatory clearances and get his Kingfisher Airline brand soaring in the American skies. The law firm has been given the mandate to negotiate with US authorities to enable his American venture Kingfisher International to start direct flights from US to India.
Mallya had floated an airline company in US after India refused to relax norms that restricted domestic airlines from flying abroad without a five-year domestic track record.
Mallya holds a minority 25% stake in the American venture, Kingfisher International, in keeping with the regulations in US which allow only US citizens to own a majority stake in a local carrier.
29/11/06 Byas Anand/Times of India
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