The Bombay high court has granted Deccan Chronicle Holdings Ltd (DCHL) three more days to furnish an irrevocable and unconditional bank guarantee of Rs 100 crore to the Board of Control for Cricket in India for its Indian Premier League franchise Deccan Chargers.
If Vijay Mallya wants to buy the moon, I will only say, if wishes were horses...Even if Mallya wanted to acquire, Air Deccan is not up for sale. It has been built with a longer vision."
Deccan Chargers will feature younger players in the fourth season of the Indian Premier League. The franchise's vice-president, E Venkat Reddy, said the team plans to scout for talent in local tournaments.
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.
Air Deccan is all set to buy 30 new ATR72-500 aircraft from Avions de Transport Regionale, a France-based aircraft manufacturer.
Images from the IPL match between Deccan Chargers and Kings XI Punjab in Cuttack on Friday.
The owners of the cash-strapped Deccan Chargers sold the Indian Premier League franchise to a real estate company for an undisclosed sum. Deccan Chronicle Holdings, which paid $107 million for the franchise in 2008, informed the stock exchanges on Friday of their decision to sell the team to Kamla Landmarc, a Mumbai-based real estate company.
Cameron White scored a quickfire half century to help Deccan Chargers register their first win in the tournament, beating Pune Warriors by 18 runs in an Indian Premier League match on Thursday.
Budget carrier Air Deccan has signed a $1.5 billion agreement with Airbus Industrie to purchase 30 more Airbus A320 aircraft from the European airplane manufacturer.
Cafe Coffee Day would be the single point vendor to supply food and beverages to the Air Deccan passenger.
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.
Sun TV network, the new owners of the Hyderabad IPL franchise, have been offered all the current players of the now-terminated Deccan Chargers, an official said on Thursday.
The airline would offer Re 1 ticket to a few passengers through a lucky draw as part of its promotional campaign.
Deccan Chargers have slapped a legal notice on the Indian Premier League and threatened to skip the third edition of the Twenty20 league, beginning next month, if its home matches are not re-allotted to Hyderabad and Vishakapatnam.
Deccan Chargers on Monday threatened to sue the Indian Premier League authorities and skip the third edition of the Twenty20 league beginning next month if its home matches are not re-allotted to Hyderabad and Vishakapatnam.
Deccan Chargers denied signing Pakistan all-rounder Abdul Razzaq amid reports that the player has been roped in as a substitute.
The Board Of Control For Cricket In India on Saturday denied media reports that Deccan Chargers franchise has got a stay order against its termination from the Indian Premier League, saying that the matter would come up in the Mumbai High Court on Monday.
How Captain Gopinath's new aviation business crash landed.
South African opener Herschelle Gibbs will play for the Deccan Chargers in the Indian Champions League Twenty20 series rather than his home team Cape Cobras, which is also participating in the tournament.
Rohit Sharma's superlative unbeaten 68 helped defending champions Deccan Chargers edge past Kings XI Punjab by five wickets at the HPCA Stadium in Dharamsala to keep alive their last four hopes.
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.
Defending champions Chennai Super Kings would look to bounce back after their humiliating defeat against Mumbai Indians in the campaign-opener when they take on a depleted Deccan Chargers in their second IPL fixture on Saturday.
Adam Gilchrist smashed 71 from 45 deliveries as Deccan Chargers beat Royal Challengers by 24 runs in the only Indian Premier League match on Wednesday. The victory took the Chargers to the top of the eight-team tournament.
Air Deccan is looking for full-time Air Hostesses as well as On call Air Hostesses (part-time).
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.
After some initial take off turbulence, Gopinath is now actively steering the air cargo business steadily with equity infusion from Reliance Industries.
DCHL owes the bank about Rs 200 crore (Rs 2 billion).
Deccan Aviation, which owns budget carrier Simplify Deccan, reported an improved performance for the third quarter ended March 2008, increasing its yields by 36 per cent and reducing operating losses by 45 per cent. The airline, however, continues to bleed and posted a net loss Rs 199.6 crore during the quarter (against a loss of Rs 213 crore for the same quarter last year), thanks to soaring oil prices, which increased 36 per cent during the quarter.
Air Deccan has introduced two new schemes, the Super Flier and Super Flier Plus.
Low cost airline Air Deccan has filed an application with SEBI for entering the capital market.
Rudra Pratap Singh took four for 22 as Deccan Chargers crushed Kolkata Knight Riders by eight wickets in the fourth match of the Indian Premier League in Cape Town, on Sunday. Singh took full advantage of the bowler-friendly conditions at Newlands to help bowl out Kolkata for a lowly 101 in 19.4 overs. In reply, Gibbs top-scored with 43 from 26 deliveries and Rohit Sharma smashed 36 not out as Deccan cruised to the victory target in just 13.2 overs.
A quickfire half-century by Sunny Sohal and an equally useful knock of 49 from captain Kumar Sangakkara helped Deccan Chargers register a 16-run victory over Delhi Daredevils in their Indian Premier League match, at the Ferozshah Kotla in Delhi, on Tuesday.
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