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Reliance Industries Planning To Buy Kingfisher Airlines?

The Kingfisher Airlines is having some problem with their operation which resulted to great loss and debt up to Rs 7,500 ccore. When a certain company is facing this kind of debt, it is definitely in big trouble. This might be a reason why there are some speculations that the airline will be bought by Reliance Industries to save it from being into further problem.

Kingfisher Airlines Logo

Kingfisher Airlines

A source tells HBL that the Reliance Industries owned by Mukesh Ambani is also planning to get Mangalore Chemicals and Fertilizers Ltd. The Reliance officials are not giving any comments about the said development and they are saying that they are unaware of it.

Reliance Industries Logo

Reliance Industries

The spokesperson of the airline is also not available for comments. The meeting of Mr Mukesh Amabani and Mr Vijay Mallya had just increased the chance that the deal might be real. People will surely know something about this deal in the few days to come.

via HBL


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