UB sets up airline co in US *** Mallya's Children own 75 pc stake (The Hindu)

THE UB group has worked around stringent US regulations disallowing foreign nationals to set up an airline in that country. The group's Kingfisher Airline Inc is 75 per cent owned by Chairman Mr Vijay Mallya's three children, all of whom are US citizens.

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Posted August 02, 2005

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