Vijay Mallya's Kingfisher Airlines Would Prefer Public Money For Now
Wed, 11/23/2005 - 05:36 — Sahad P V
When every airline is looking at private equity to fund their expansion plans, this one is not. Vija Mallya's Kingfisher Airlines, which placed orders for 30 Airbus A320 aircraft worth $1.9 billion at the ongoing Dubai Air Show, said it would look at public market to finance the deal.
"So far a mix of equity and debt has met all our deposit and pre-delivery payments for the aircraft orders. Going forward, we would have to take the company public," its chairman and managing director Vijay Mallya said in Dubai. (Via Rediff)
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