The transaction, which values Air Deccan at Rs 155 a share, would be through allotment of non-preferential shares to UB
Low cost airline Air Deccan aims to raise up to 30 per cent of its total revenues from ancillary streams in three years, a three-fold jump from the current levels, its managing director, G R Gopinath said.
Low cost airline Air Deccan on Tuesday said it plans to fly over four million passengers in the next financial year, four times more than the one million people it has flown since inception 18 months ago.
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.
Low cost carrier Air Deccan has launched its Indore-Gwalior-New Delhi flight. Air Deccan will connect Indore from Mumbai and Ahmedabad soon, Captain G R Gopinath, MD, Air Deccan, said.
Air Deccan on Tuesday announced a tie-up with Reliance Infocomm that would allow passengers to book tickets through the cellular company's retail chain of 241 broadband Reliance Web World outlets across 104 cities.
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.
Low-cost carrier Air Deccan and liquor baron Vijay Mallya-promoted Kingfisher Airlines have agreed not to "poach on one another's territory and instead help each other."
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.
Budget airline Air Deccan plans to start its first service to Kerala on the Kochi-Delhi sector from December this year, followed by a service to Lakshadweep, according to a top executive of the company.
Budget carrier Air Deccan on Monday said volatile crude oil prices has affected the airline's operational cost by 20 per cent, forcing it to increase its high-end bucket fares by 12 to 15 per cent.
Air Deccan, India's first no-frills airlines, expects $120mn revenues in current fiscal.
Air Deccan, the country's first low cost airlines, has chalked out an ambitious expansion plan, including augmenting its fleet to 30 aircraft by the end of this fiscal and setting up a modern hangar in Chennai in the next six months, its managing dir
Air Deccan, India's first low-cost carrier, on Friday announced the release of 3,300 tickets priced at Re 1 and 6,500 tickets (excluding taxes) priced at Rs 500 for reservations in September and October.
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.
Launching a new concept in the Indian aviation scene, Air Deccan on Monday announced a strategic tie-up with Hindustan Petroleum to sell tickets of the 'no frills' airline at HP retail outlets across the country.
Low cost airline Air Deccan intends to raise private equity of $50-60 million and was in discussion with seven players in this context, its managing director G R Gopinath said in Bangalore on Thursday.
Air Deccan, the low-cost domestic airline, has planned to increase by December its daily flights from 70 to 100 as well as to secure a part of the "ethnic market" of West Asia in the foreseeable future
Low-cost air travel offers better options for the rural and middle classes, but cutting expenses on regular routes isn't easy.
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During the checks on the Cessna aircraft registered with Business Jets India, the DGCA found that the pilots in command did not have necessary training certificates.
'Our focus is not going to be metro to metro routes.' 'We will begin by focusing on metro to non-metro (routes).' 'Metro to tier-2 cities or tier-3 cities is where there is a lot of space for affordable, efficient carriers.'
For Jet's revival, Mr Jalan should be on the scene long enough for everyone to get to know him, appreciate his skills, and not vanish into thin air within a matter of months or even weeks, observes Anjuli Bhargava.
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