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Kingfisher Confirms Talks with Etihad

India’s Kingfisher Airlines, whose licence has been suspended because of concerns over finances and safety, has confirmed that it is in talks with Etihad Airways and other investors to take a stake in the carrier.

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Kingfisher was launched in 2005 but has never made a profit and has US$1.4 billion (€1.07bn) in debts and it is looking to raise funds after lenders refused to give fresh loans.

A Mumbai-based newspaper has reported that Etihad is looking to buy a 48% stake in Kingfisher for nearly Rp30 billion rupees (€423m).

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