Wednesday, April 18, 2012

Emirates airline to drag Kingfisher out of trouble?

Dubai: Dubai-based Emirates airline has indicated that it may look at investing in an Indian carrier, as India's government is mulling to allow foreign airlines to buy stakes in domestic carriers.
"The airline is open to looking at anything that helps its business and is at the right price," said Chairman and CEO of Emirates airline Shaikh Ahmad bin Saeed Al Maktoum.
He said, however, nothing is happening for the moment.
On whether the airline would consider investing in an Indian carrier such as Kingfisher Airlines, the Gulf News quoted him as saying, "Talking about the business, there are many other companies like that around the world which we could look at, but don't expect us to buy everything."
The airline has been trying to gain additional flying rights in India.
18/04/12 Zee News
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