Etihad eyes Kingfisher; Mallya waiting for his Rs 3000 cr b’day gift? – Firstpost

Abu Dhabi-based Etihad Airways is likely to pick up a 48 percent stake in grounded Kingfisher Airlines for Rs 3,000 crore, a report in the Mumbai Mirror newspaper said today.
The report said the national carrier of the United Arab Emirates has agreed to buy stake in the UB group’s airline company which has not been flying for the last few months.
The news comes even as there were media reports that suggested Etihad is in talks with Jet Airways to buy a stake.
Shares of Kingfisher today rose to hit their 5 percent upper circuit at Rs 15.67 reacting to the news. Jet Airways was up 1.7…

Here is the original post: Etihad eyes Kingfisher; Mallya waiting for his Rs 3000 cr b’day gift? – Firstpost

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