![]() Deccan-Kingfisher merged entity to raise $250 m for capexPublished on Thu, Jan 24, 2008 at 08:22 | Source : Business Line Updated at Thu, Jan 24, 2008 at 08:49 Bangalore, Jan. 23: The merged entity of Deccan Aviation and Kingfisher Airlines plans to raise funds of upwards of $250 million through equity for its capex needs.
The UB Group which owns 50 per cent stake in Deccan Aviation wants to raise the funds as soon as possible, Mr Nedungadi said. On December 19 last year, the boards of both the airlines agreed to merge and create a single corporate entity to reduce operational costs as well as become a profitable venture. contd on page 2...
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