As the debate over foreign direct investment in Indian airlines heats up, cash-strapped Kingfisher Airlines may be in talks with British Airways for an investment, The DAILY has learned. A 49% equity would give BA a board seat, while control would remain with the Indian carrier. BA refused to comment, and a Kingfisher spokesman said, “We’ve not offered any comment on this subject recently to any media house.” India’s present policy allows investment of up to 49% in Indian airlines ...
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