Net Edition
Financial express logo
Wednesday, December 07, 2005
 
 
 
  SEARCH FE
Financial Express
Web
  FE ARCHIVE
   Search by Date
  INSIDE FE PRINT
 
  Home
 Front Page
 Corporates & Markets
 Latest News
 Stocks
 Fe Insight
 Politics
 Edits & Columns
 International
 From The Economist
 Economy
 Fe 360
 Fe Centres
 Fe Web Specials
 Sme World
 Fe 500
 Best Banks In India
  Letters To The Editor
  All Headlines
  SERVICES
 
  Personalised Predictions
  CHANNELS
 
  Astrology
  Shopping
  Tenders 
  Express Classifieds
  ExpressQnA 
  Express Estates
  Express Money
  Express Travel
  GROUP SITES
 
  Expressindia
  The Indian Express
  Screen
  City Newslines
  Kashmir Live
  Express Cricket
  Loksatta
  Lokprabha
  Express Computer
  North American
Edition [Print]
 
 
  The Financial Express
  The Indian Express
  SUBSCRIPTIONS
 
  Free Newsletter
  Wireless Express
  SYNDICATIONS
 
  RSS FeedsRSS Feeds
-->

 
LATEST NEWS
Aviation
Kingfisher eyes foreign skies
Posted online: Wednesday, December 07, 2005 at 1741 hours IST
Updated: Thursday, December 08, 2005 at 1200 hours IST
 
Send Feedback   E-mail this story   Print this story
IMAGE_CAP_1
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.

Advertisement
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.

Send Feedback   E-mail this story   Print this story





 
Full Coverage
RBI Annual Report
Economic Survey '05-06
Railway Budget '06
Economic Reforms
Indo-Eu Summit: 2005
India Empowered
Reliance Empire Divided
Davos 2006
JJ Irani Committee On Company Law
Ready For Vat?
Run-Up To Foreign Trade Policy 2005-06
Run Up To Budget 2007-08
Rbi Annual Policy 2007-08
Run-Up To Budget 2005-06
Ambani Vs Ambani
Ear To The Ground
The Idea Exchange
RBI Monetary Policy
Walk The Talk
WTO Special
Outcome Budget: 2005-06
Related Links
No claim for 100% stake in Air Sahara: Mallya
Mallya eyes aviation hub in North-East, South
Kingfisher is best new airline in Asia