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MUMBAI, DECEMBER 7: Private carrier Kingfisher Airlines hopes to fly to international destinations by mid 2007, once it receives delivery of airbus A 330 wide-bodied aircraft.
"I will be getting A 330 in 2007, by that time we would be completing two and a half years in aviation industry. Then I am going to request the government to ease the norms or allow us to fly at least within Asia," said Kingfisher chairman and managing director Vijay Mallya.
As per the Civil Aviation Ministry norms, airlines need to have put in at least five years in the domestic market before being given permission to fly abroad.
He expressed the hope that the government would definitely consider request by airlines' request to review these norms, considering the rapid growth in the country's civil aviation sector.
Mallya, who floated UB Air in the 1990s with two dornier aircraft, is presently engaged in working out strategies for Kingfisher Airlines' entry into capital market with an IPO of around 200 million USD, which is slated to come up in 2006.
"We are seriously looking at this source to fund our orders for new aircraft. We would be getting the first delivery of the world's largest jumbo jet - airbus A 380 - around 2010. However, we have to do the pre-delivery payments," Mallya said.
Kingfisher would be getting the delivery of A 330 in third-quarter of 2007 and that of A 380 in 2010. It plans to use A 330s for its regional services and A 380s for longer journeys. |