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Kingfisher Airlines in negotiations to acquire USD400 million in funding from private equity groups

31-Dec-2009 11:01 AM

Kingfisher Airlines stated it is in negotiations to acquire USD400 million in fresh funding from private equity investors including Carlyle, TPG and Abu Dhabi-based Aabar Investments (Financial Express, 30-Dec-2009). The funds would be used to retire debts.