Is Abu Dhabi The Wind Beneath Kingfisher Wings?

Kingfisher Airlines may just be headed for better times after the shares of the airline rose 5 percent following news that the company was in talks with several investors including Etihad Airways.

While nothing has been finalised with the Abu Dhabi-based airline, reports state that Kingfisher Airlines (BSE 4.98%) is ahead of Jet Airways (BSE 2.6%) in the race for sealing a deal with Ethihad Airways.
When contacted by Explocity, Kingfisher spokesperson said, “The company is in discussion with various investors, including Etihad Airways. However, no agreement has been reached with Etihad or any other airline.” In a statement released to the Bombay Stock Exchange, the company said, “We would like to clarify that the company is in discussions with various investors, including Etihad Airways, for equity investments.”

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