Etihad is in negotiations with grounded Indian carrier Kingfisher Airlines over becoming a minority shareholder in the airline. Kingfisher confirmed in a notice to the Mumbai stock exchange that it is “in discussion with various investors, including Etihad Airways, for equity investments in the company.” Kingfisher cautions, however, that “no agreement has been reached either with Etihad or any other airline and the matters are merely at a negotiation stage.”
NEW DELHI — India says it has not canceled its plans to buy 197 reconnaissance and surveillance helicopters, but “the procurement case is under examination,” according to Defense Minister A.K. Antony. The proposed deal, worth more than $2 billion, has been mired in controversy following allegations that an Indian official had solicited a bribe from bidder AgustaWestland. Antony has said that if any evidence is found of tender deviations or any other misconduct, the deal will be scrapped.
