Capt Gopinath, in a deperate bid to fend off a possible auction of his prime residential property in Bangalore by State Bank of India, which had earlier issued notices to sell his pledged properties to recover as much as Rs 259 crore (Rs 2.59 billion), has struck a deal with Sobha Developers to raise funds.
Discussions have been initiated to sell the company to a Mumbai-headquartered, highly diversified, multi-billion dollar corporate group which has interests in retail and logistics, among various others.
Captain Gopinath's dream of making every Indian fly will now remain just that. But this will rise to another: Mallya's dream of making Kingfisher one of the world's top airlines.
Capt Gopinath is trying to reinvent the charter business.
Two years after selling his budget carrier, Air Deccan to Vijay Mallya-owned Kingfisher Airlines, its former chairman Captain G R Gopinath, still harbours a dream to return to the low-cost airline segment, which he pioneered in the country.
In ideologically discordant notes within Aam Aadmi Party, Captain Gopinath, pioneer of low-cost airline business, slammed the decision of AAP government in Delhi to reject FDI in retail, saying the party is "running in danger" of being branded like other parties of resorting to cheap and populist measures.
These are troubled times for the 'King of Good Times', Vijay Mallya. His airline, Kingfisher has been hogging the headlines for all the wrong reasons.
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.
Jayanth Pooviah, director and chief executive officer of Deccan Charters, confirmed the development.
Budget carrier Air Deccan on Friday said it has launched direct daily flights to Nagpur, Pune and Goa from Hyderabad, as part of its strategy to connect smaller cities with different hubs.
The Bharatiya Janata Party replaced at least 25 sitting MPs with new faces as the party released its second list of 72 candidates for the upcoming Lok Sabha polls on Wednesday.
The Aam Aadmi Party's spectacular electoral debut in New Delhi is now creating ripples down south.
In a first by an Indian firm, Deccan Aviation chief Capt GR Gopinath on Friday announced the launch of Deccan Express Logistics, an air cargo and express logistic service on domestic and international routes.
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
Deccan is planning to travel international routes from August from three destinations in India.
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.
Although industry analysts are welcoming Kingfisher Airlines' stake acquisition in Air Deccan as the right move towards consolidation
The booking will open on January 14, at 8 am, it said in a statement.
Cafe Coffee Day would be the single point vendor to supply food and beverages to the Air Deccan passenger.
With this extra buck in it kitty, will Air Deccan be able to expand its fleet and revamp its services?
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 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.
For his 60th birthday in December, which he called his third 20th birthday, Mallya flew in Enrique Iglesias to perform at his villa overlooking the beach in Goa.
'Industry observers are certain the next attempt will succeed even if they have to browbeat someone into buying as the government has put its might behind it,' predicts Anjuli Bhargava.
Vijay Mallya has lost control of his companies.
Several former colleagues say Kejriwal is undemocratic. But his loyalists stand stoutly behind him
The civil aviation ministry appears supportive of SpiceJet because it does not want another airline to fail. The real test now will be the capacity of the airline's chairman, Kalanithi Maran, to raise funds. And he needs to do this quickly.
Pressure mounted for removal of Delhi Law Minister Somnath Bharti on Wednesday after one of the African women assaulted in a midnight raid in south Delhi accused him of having led the group that barged into her house and attacked them.
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