Kingfisher Airlines plans IPO in 18-24 months

Kingfisher Airlines, which would launch its operations from May 9, plans to float a public issue in the next 18-24 months.

Alex Wilcox, president of Kingfisher Airlines, said: "United Breweries Holdings has invested $40 million as fully-paid capital in the airline. We plan to go public in the next 18 to 24 months or even sooner."

The airline's aircraft would have an all-economy configuration and provide prices lower than other competing airlines, he said, adding "dynamic pricing" would be the key to the company's fare structure depending on seasons as well as time of the day.

The first aircraft - an A-320 - will be arriving early May, and the first revenue flight would be launched on May 9, Wilcox said, adding while four aircraft would be leased, the airline would buy ten more A-320s and three A-319s in the near future. It would also have ten A-319s with purchase options.