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."
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.
The transaction, which values Air Deccan at Rs 155 a share, would be through allotment of non-preferential shares to UB
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.
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.
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
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.
All 40 passengers on the flight are safe.
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."
The booking will open on January 14, at 8 am, it said in a statement.
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 no-frills airlines, expects $120mn revenues in current fiscal.
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.
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.
With oil reaching record highs and competition intensifying, Captain Gopinath's chances of keeping his carrier afloat would have been more than slim. Employee's jobs and salaries would have been at stake if he had not sold to Vijay Mallya, says Anjuli Bhargava.
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.
Air Deccan had also approved a plan to offer 10 per cent of the equity to its employees. The airline hopes to carry 4 million passengers during the current year and report revenue of Rs 1,000 crore.
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.
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.
The airline would offer Re 1 ticket to a few passengers through a lucky draw as part of its promotional campaign.
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.
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.
