TPG Capital eyeing Kingfisher Airlines stake: Report

The private equity firm Texas Pacific Group\'s TPG Capital was reported to be interested as a potential investors willing to put in over $400 million for a sizeable stake in Vijay Mallya-led Kingfisher Airlines, the Economic Times reported.

The business paper reported that TPG has been in talks with Kingfisher for a few months, though there was no certainty of a deal coming through. It reported that Kingfisher Airlines was seeking a valuation of over $1 billion.

TPG\'s past associations with the aviation industry include investments in Continental Airlines, a failed 2006 bid for Qantas in partnership with Macquarie Bank. Recent losses for the capital company include the evaporation of $1.5 billion with the collapse of US bank Washington Mutual and its sale to JP Morgan.

TPG\'s past associations with the aviation industry include investments in Continental Airlines, a failed 2006 bid for Qantas in partnership with Macquarie Bank. Recent losses for the capital company include the evaporation of $1.5 billion with the collapse of US bank Washington Mutual and its sale to JP Morgan.