Is Air Deccan sold to Kingfisher?
But Air Deccan struggled to cope with the costs as losses mounted. In 2007 Capt Gopinath sold his company to Kingfisher, owned by alcohol baron Vijay Mallya, who also owned Kingfisher Airlines. Mr Mallya rebranded Air Deccan as Kingfisher Red.
How many flights does Air Deccan have?
Simplifly Deccan
| IATA ICAO Callsign DN DKN DECCAN | |
|---|---|
| Ceased operations | 29 August 2008 |
| Operating bases | Bangalore Delhi Kolkata Mumbai |
| Fleet size | 40 (in September 2007) |
| Destinations | 52 |
Why are Deccan Airways sold to Kingfisher?
The airline was making huge losses and early investors of Air Deccan were pressuring Gopinath for an exit. “Air Deccan succeeded, it did not fail. It sold to [Vijay Mallya’s] Kingfisher [Airlines] because of investor pressure,” says Gopinath, adding, “And everybody who invested made huge returns.”
What is the cost of Air Deccan flight ticket?
The airline will begin operations with 4 bases at Mumbai, Delhi, Kolkata and Shillong. “Some of the initial lucky people will be able to get Rs 1 fares also,” founder GR Gopinath said, adding that the ticket prices will start at about Rs 1,400.
Who purchased Deccan airlines?
Negotiations began at the end of the month, and Kingfisher parent ‘United Breweries Group’ purchased a controlling 26% stake in Deccan Aviation on 31 May. Gopinath had changed his mind upon understanding that the two airlines would continue to function independently.
What is the difference between Air Deccan and Kingfisher?
Deccan is a no-frills airline while Kingfisher would like to be known for luxury. On Thursday, the board of Air Deccan issued in-principle approval for UB Holdings to invest up to 26% in the low-cost carrier.
How did Vijay Mallya start Kingfisher Airlines?
2005: Vijay Mallya chairman of United Breweries (Holding) Limited, started the luxury airline: Kingfisher Airlines. 2007: Vijay Mallya acquires Air Deccan, which was a low-cost airline, from owner Capt. Gopinath. 2008: The Air Deccan takeover was formalized and UB group paid up Rs.550 crores (US$79 million) for its stake of 26% in the company.
Is Vijay Mallya’s kingfisher eyeing Air Deccan?
BANGALORE: Right after TOI reported (on May 3) that Vijay Mallya’s Kingfisher was eyeing a controlling stake in Air Deccan, the boss of the budget airline, Capt G R Gopinath, responded by saying, “Mallya’s from Venus, I’m from Mars.”
What happened to Kingfisher Airlines in 2008?
In 2008, Kingfisher was making its mark in the domestic market and hoped to start international flights soon. It had purchased Air Deccan, a low-cost carrier, in 2007 to compete with low-cost airlines, which were quickly growing.