Vijay Mallya

Allow foreign airlines to pick up stake in domestic carriers: Mallya

Vijay Mallya, chairman of Kingfisher AirlinesThe Government has been requested by Mr. Vijay Mallya, chairman of Kingfisher Airlines, to permit the foreign airlines to pick up a minority stake in domestic airlines.

Mr. Mallya reported, "I have requested the Government to allow foreign airlines to acquire a stake of up to 25 per cent in Indian airlines. I believe aviation should be treated at par with international norms and other industry sectors where strategic investors can invest. This will be a wealth creator and secure the future of Indian aviation."

Force India lands McLaren and Mercedes deal

Formula OneHamburg - Force India will be powered by Mercedes engines and use McLaren equipment as well next season, the Formula One team of Indian billionaire Vijay Mallya announced on Monday.

Mallya said in a Force India statement that the long-term deal had been set up with the help of F1 boss Bernie Ecclestone and motorsport supremo Max Mosley.

The news came a few days after Force India announced an early end of its engine deal with Ferrari which was originally due to run 2007-2009.

Kingfisher Airlines slashes salaries of trainee pilots

Kingfisher AirlinesMumbai, Oct 18 : Vijay Mallya-promoted Kin

Mallya, Goyal quash rumours of Kingfisher-Jet Airways merger

Vijay Mallya, Naresh GoyalHyderabad : Airline barons Vijay Mallya and Naresh Goyal today quashed rumours of a merger between Jet Airways and Kingfisher Airlines.

"There is no equity swap. Our understanding is for purely commercial alliance," Mallya said on the sidelines of an aviation show here.

Justifying the coming together of the two airlines, which account for about 60 per cent of the market share, Goyal said that the break-even point for the aviation sector is at 90 per cent capacity utilisation whereas, "We are now operating between 60-70 per cent."

Mallya looks for 26% stake in SpiceJet

UB Group chairman Vijay Mallya seeks to acquire 26 % stake in SpiceJet for which he will have to disburse up to Rs 155 crore.

Mallya announces Force India Formula One team

Mumbai, Jan 11: Indian business baron Vijay MallyaIndian business baron