In a bid to help facilitate foreign direct investment into the carrier, debt-laden Kingfisher Airlines has capped the FII investment limit at 3 per cent. Overseas investors, at the end of the September quarter, held 2.46 per cent stake in Kingfisher. Foreign Direct Investment (FDI) in domestic carriers is currently capped at 49 per cent.
Recently, the company had said that it was in ‘discussions with various investors, including Etihad Airways, for equity investments’. The carrier’s statement came in response to reports that it was to ink a deal for offloading 48 percent stake.