Budget carrier Air Deccan, which has the largest network in India covering 60 airports and operating more than 300 flights a day, may hive off its highly profitable ATR Turboprop aircraft operations into a separate company.
In the preceding quarter, the airline had posted a profit of Rs 9.64 crore supported by non-passenger revenues.
Air Deccan announced on Tuesday its tie-up with State Bank of India for on-line ticket booking.
Air Deccan has been asked by the state consumer commission to pay Rs 75,000 as compensation to members of two families who were left stranded at the aiport here owing to flight delays due to technical problem.
Budget airlines Air Deccan on Friday announced that reservations for its much-awaited April to June 2007 summer schedules would open on November 12, at fares which begin at Rs 9 (plus taxes).
After having slashed fares when his competitors increased them, low-cost carrier Air Deccan's chief G R Gopinath on Monday said the airline would increase the number of flights instead of fares to meet the passenger demand.
Low-cost airline Air Deccan has appointed three investment banks to advise the company on its initial public offer and a final decision on the matter would be taken in the next couple of months, Capt. G R Gopinath, managing director said in Chennai.
Low-fare airline Air Deccan on Monday said it would start a new service between Chennai to Tuticorin from next month and announced plans for frequent flights between Bangalore, Chennai and Hyderabad in the next three months.
Jammu and Kashmir chief minister, who was on the flight, ordered the marshal's arrest
Deccan Aviation, which operates the country's largest budget carrier Air Deccan, will make a preferential allotment to investors to raise $75-100 million for its expansion plans.
Kingfisher and Deccan had appointed Accenture to study the structure of the merger of the two airlines including operational synergies, network rationalisation and management structure.
Air Deccan, country's largest low cost airline, has announced a mega offer of 1,00,000 tickets, free excluding taxes and surcharge.
Air Deccan, the country's second largest airline, on Friday announced it has signed a deal with two European banks to raise $100 million (Rs 450 crore) to help ensure its financial stability and insulate it from the "turbulence" in the domestic aviat
How Captain Gopinath's new aviation business crash landed.
Low fare carrier Air Deccan on Monday launched three new daily flights between Kolkata and Aizawl, Bagdogra and Bhubaneshwar using 48-seater ATR-42 aircraft.
Low-cost no frill airline Air Deccan has made a marginal increase of Rs 200 in the fuel surcharge on all fares to all routes from Friday.
Russian defence aerospace major Sukhoi is close to bagging its first civilian Indian client with its regional 60- to 90-seater jet Sukhoi Superjet 100.
Low cost carrier Air Deccan will launch flights to seven new destinations soon.
Sources close to the development told PTI that the open offer was expected to be announced next week. The share price for the open offer would be Rs 155 per share, the amount UB Holdings paid for picking up the 26 per cent stake.
Vijay Mallya-promoted UB Group, which acquired 26 per cent stake in Air Deccan for Rs 550 crore (Rs 5.5 billion) and is to buy another 20 per cent through an open offer, has completed raising funds for the purpose ahead of its payment deadline.
Air Deccan said on Monday it recorded a 90 to 100 per cent load factor in May as the holiday season increased the passenger traffic in most of the sectors.
Vijay Mallya's United Breweries Holdings has made an open offer for an additional 20 per cent stake in Air Deccan in which it has already acquired 26 per cent for Rs 550 crore (Rs 5.5 billion).
'I remember AK came on set one day; one of his films had released the previous day and was not doing well. He was very attached to that film.' 'I felt he was low and that affected me.'
Throughout its 155 minutes, every scene is doused in blaring background music and melodrama. Disappointment alone won't do, it must feel like a full blown catastrophe, observes Sukanya Verma.
There's talk that the Reliance Anil Dhirubhai Ambani Group is eyeing a minority stake in the carrier. It's also possible that private equity players like Texas Pacific Group may want a slice of the low-cost carrier's equity.
It was August 2007. Tata Steel was turning 100. Jamshedpur, its hometown, had an air of celebration. The line-up for the special event included the launch of Air Deccan's commercial flight connecting Kolkata and Jamshedpur, and release of Russi Lala's new book, Romance of Tata Steel. There was also the screening of The Spirit of Steel, a 20-minute documentary directed by Zafar Hai showcasing Tata Steel's legacy, and a corporate anthem penned by Javed Akhtar and composed by Shankar, Ehsaan and Loy.
Air Deccan is going to a lot of sectors where nobody is going, places like Dehra Dun, Belgaum, Hubli and Kolhapur, we are very focused on the other India.
19 per cent of all travel in India (by bus, train or air) was pilgrimage or religious travel (possibly the single largest after business and family-related travel), discovers Ambi Parameswaran.
Twinkle's short story Salaam Noni Appa will mark ad-man Sonal Dabral's directorial debut.
There's so much entertainment coming up in 2023!
The 68th National Film Awards saw actors from across India get together for the prestigious ceremony in New Delhi.
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