Jet, Kingfisher stay away from SriLankan

Mumbai: India's Jet Airways and Kingfisher Airlines said they were not interested in picking up Emirates Airlines' stake in Sri Lanka's national carrier SriLankan Airlines.
"We have not heard any thing regarding that (buying Emirates' stake in SriLankan). We have our own international expansion plans and we don't see any sense in investing in SriLankan," said a senior Jet Airways executive adding, "Our hands are full."
Similarly, Kingfisher Airlines Chairman and CEO Vijay Mallya replied in the negative when asked whether he would be interested in investing in SriLankan.
This is contrary to media reports from Colombo and Dubai, which last week indicated that Qatar Airways, Jet and Kingfisher were in the race to pick up a stake in SriLankan after Emirates decided to end a 10-year management contract in March.
13/01/08 Lalatendu Mishra/Hindustan Times

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Categories: Foreign Jan 2008, Jet Airways Jan 2008, Kingfisher Jan 2008, New Jan 2008