‘Kingfisher Airlines is targeting 1,000% growth in Year One’
To tap India’s potentially large market for air travel (which is expected to grow at about 25-30 per cent over the next five years in the wake of liberalised FDI norms for domestic air transport services), Dr. Vijay Mallya’s UB Group has invested Rs 1.6 billion in Kingfisher Airlines (KA). There are plans to have an initial public offering (IPO) in the next year or two.