New Delhi: The promoter of now defunct Kingfisher Airlines -- Vijay Mallya -- has been planning to re-launch it, sources said on Wednesday.
According to Kingfisher management sources, Mallya has been hopeful of an infusion of Rs.800 crore by a foreign entity, while the talks with British liquor maker Diageo Plc were still on.
Mallya, who is also the promoter of United Spirits Ltd (USL), had signed a deal with Diageo to sell his controlling stake in the company. Diageo would also pick up another 26 per cent through mandatory open offer.
Kingfisher management sources claimed to have got a nod from the Director General of Civil Aviation (DGCA) to go ahead with its pilot training programme ahead of the airline's re-launch.
17/04/13 India Today
