Kingfisher Airline IPO only after 2007-08: Mallya

Bangalore, Sep 19: Kingfisher Airline will consider entering capital market only after the company breaks even and it had adequate financial backing for the present, UB group Chairman Vijay Mallya said today.

Talking to newsmen on the sidelines of the AGM of United Brewaries Limited here he said that the Airline was expected to break even during Fiscal 2008.

He said that growing airline would not suffer for funds and long term financing had already been lined up. It has a paid up equity of Rs 400 crore currently.

UNI