Hold the champagne: NO deal with Etihad, says KFA

December 11, 2012 16:45

Reuters: Kingfisher Airlines says no agreement has been reached either with Etihad or any other airline. This is in response to the Mumbai Mirror story that the king of good times, who has had a miserable 2012, is all set to give himself a big birthday gift before the year ends.

Vijay Mallya's Kingfisher Airlines, grounded for over a month and a half now for want of cash, has finally found a saviour in United Arab Emirates national carrier Etihad Airways.Etihad, which was also in talks with Jet, has agreed to pick up a 48 per cent stake in Kingfisher for a little over Rs 3,000 crore. Read more

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