himmat01
Posts: 1016
Joined: Sat Dec 04, 2004 4:34 pm

Kingfisher Not Interested In Air Sahara

Mon Jan 09, 2006 1:40 pm

Kingfisher has withdrawn from the race to take up a stake in Air Sahara. VM said that he was no longer interested in S2 as Kingfisher was doing well. A further added that the delivery of A330s would commence in 2007 3Q. and that of A380 in 2010.

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Nimish
Posts: 2920
Joined: Mon Feb 14, 2005 6:46 pm

RE: Kingfisher Not Interested In Air Sahara

Mon Jan 09, 2006 2:00 pm

My reading of this announcement is:

1. IT trying to bring S2's price down by feigning lack of interest
2. Mallya has some inside news that IT may be allowed international flights sooner than the current 5 year period. Hence the value of S2 goes down tremendously.

I wish IT all the best - and am glad they're not buying S2 - which would have probably weighed IT down with all it's accumulated debt and mess.
Incredible India!
 
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HAWK21M
Posts: 29978
Joined: Fri Jan 05, 2001 10:05 pm

RE: Kingfisher Not Interested In Air Sahara

Mon Jan 09, 2006 2:55 pm

Quoting Nimish (Reply 1):
IT trying to bring S2's price down by feigning lack of interest

 bigthumbsup 
VM is a Smart Businessman.
regds
MEL
I may not win often, but I damn well never lose!!! ;)

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