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Etihad Airways plans to acquire 48% stake in KFA: reports

India Infoline News Service | Mumbai | December 11, 2012 11:41 IST

Reports stated that a formal announcement of the deal may come around December 18.

Gulf carrier Etihad Airways is planning to acquire 48% stake in Kingfisher Airlines for Rs 30bn, according to reports.

Reports stated that a formal announcement of the deal may come around December 18.

Abu Dhabi-based Etihad will buy a 30% holding in December and a further 18% by next August, says reports.

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