Etihad Airways, the sponsor of Manchester City FC are planning to make an entry into the Indian Air market by taking over either Kingfisher Airlines or Jet Airways.
This has come about since the Indian Government changed a law which limited foreign airlines to a 49% stake in Indian air carriers. Kingfisher have had many troubles of late, and at present are grounded after it has had its licenses suspended.
Buying out Kingfisher therefore may be much riskier than taking over Jet (who already have a code sharing agreement with Etihad) but Kingfisher would be a cheaper deal.
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