Mallya set to wrap up Deccan

The integration process of Kingfisher Airlines and Air Deccan is likely to be completed by September, when the new route-rationalization programme to avoid duplication of resources gets finalised and ground-level changes are visible.
Soon after Kingfisher acquired a 26 per cent strategic stake in Air Deccan on May 31, both the airlines had begun the process for integration.
During the past months senior executives of both airlines have been meeting regularly to assess the progress. “We are discussing all possibilities, including how to go ahead about product offerings, integrating engineering capabilities, unified logistics, sharing of training and manpower reduction at airports. This is at an advanced stage of finalization,” said an Air Deccan official.
Even as the UB group’s open offer to acquire an additional 20 per cent stake in Air Deccan is yet to get Securities & Exchange Board of India’s nod, both the airlines are heading towards leveraging substantial financial and synergistic benefits by integrating their operations over the last three months.
But Mallya denied any move to offload any stake to private equity firms.
25/08/07 Lalatendu Mishra/Hindustan Times

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Categories: Air Deccan Aug 2007, Kingfisher Aug 2007