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Kingfisher Airlines in discussion with various investors, including Etihad Airways

Direct News Source

11-Dec-2012 Kingfisher Airlines has clarified that the Company is in discussion with various investors, including Etihad Airways, for equity investments in the Company.

With reference to the news item appearing in a leading financial daily titled "Etihad set to buy 48% stake in Kingfisher", Kingfisher Airlines Ltd has clarified to BSE that the Company is in discussion with various investors, including Etihad Airways, for equity investments in the Company.

However there is no agreement has been reached either with Etihad or any other airline and the matters are merely at a negotiation stages.Further, the Company has been attempting to raise much-needed capital over the last 2 years pursuant to shareholders resolutions approving the same and duly reported to the stock exchanges, has been widely reported in the media for a long time.