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Kingfisher Airlines plans global depository receipts in 10 weeks

The airline is expected to turn profitable from fiscal year 2011-12, said Ravi Nedungadi, chief financial officer of the UB group, which controls the airline.

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Kingfisher Airlines Ltd is likely to launch a $100 million global depository receipts issue in 8-10 weeks, a senior official said on Wednesday.

The airline is expected to turn profitable from fiscal year 2011-12, said Ravi Nedungadi, chief financial officer of the UB group, which controls the airline.

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