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Rampant Speculation: Another Step toward Virgin India?

Flight attendant recruiter and Kingfisher Airlines boss Vijay Mallya wants India to change its restrictive rules on foreign investment in the domestic aviation market. Which is probably a smart idea, given that his carrier lost roughly $200 million in its last fiscal year!

Says Mallya:

I have requested the government to consider this policy change and allow foreign carriers to have a strategic investment in airlines here....All airlines, whether it is Jet Airways, Air India or Kingfisher Airlines, will benefit from such a move.

What I am saying is that the government should allow at least 25 per cent direct investment by a foreign carrier here.

Could this be the first step toward a Branson-affiliated carrier in India?

Related Stories:
· Allow Foreign Airlines to Invest Says Mallya [Business Standard]
· Kingfisher Airlines: International Service Yes, Extra Employees No [Jaunted]
· Richard Branson's Indian Dream [Jaunted]

[Photo: Wikimedia]