Mangaloreans

November 21, 2011 - 10:40am
Kingfisher Airlines A330-200

Shares in cash-strapped Indian carrier Kingfisher Airline fell by almost 18 percent on November 18 as company chairman Vijay Mallya worked to secure new short- and long-term funding amid reports of further routes being cut and flights cancelled. On November 17, Mallya confirmed that he is negotiating with an undisclosed high-net-worth individual in India with a view to injecting approximately $250 million into Kingfisher.

June 5, 2008 - 11:25am

EADS Socata, the France-based manufacturer of the TBM 850 turboprop single, today tried to clarify the status of its negotiations with a number of potential partners for the development of another business aircraft. Speaking to AIN, a spokesman essentially denied the content of a story published Sunday in the India Times, which reported that UB Group’s Vijay Mallya was ready to invest $200 million in the development of a Socata jet.

 
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