Thursday, June 22, 2006

Kingfisher re-enters fray for Air Sahara

Vijay Mallya, the flamboyant boss of low-cost carrier Kingfisher Airlines, has once again entered the fray to acquire Air Sahara whose deal with rival Jet Airways has run into rough weather, officials said on Wednesday.Senior executives of Bangalore-based UB group, controlled by Mallya, have been directed to negotiate with the Subrata Roy-managed Sahara group, even as last minute talks are underway with Jet Airways to salvage the deal, officials added."It would make sense for Kingfisher to acquire Air Sahara since it would give the carrier access to overseas markets. Kingfisher has ordered some wide-bodied aircraft and needs overseas access to deploy them," an industry analyst said.
21/06/06 Indo-Asian News Service