Deccan clarifies on demerger

With reference to the news item appearing in a leading financial daily titled "Deccan to spin off helicopter business", Deccan Aviation Ltd has clarified that, the proposal relating to the Helicopter Charter Services of the Company is yet under consideration of Board of Directors of the Company. Further, any such proposal is subject to the approval of the Shareholders of the Company and other approvals.
The News item, should be read as a statement of an emerging opportunity for the Company's Charter Services business and options available to it, in view of the growing demand for and interest in the Charter Services in India.
Deccan Aviation Ltd operates the Air Deccan - a low cost scheduled airline and it is the largest charter aviation company in the private sector that not only conceptualized the whole category of helicopter flying but also propelled it into vividly expressive areas of application.
13/02/07 Equity Bulls

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Categories: air deccan feb 2007