Accenture to look into integration of Kingfisher, Deccan

New Delhi: Kingfisher Airlines Chairman Vijay Mallya on Tuesday said the company has mandated management consulting firm Accenture to study the possibility of integrating operations of the two airlines.
"We have appointed Accenture to advise on the integration of two airlines. We will take a future course of action after a report from it in the next six weeks," Mallya said on the sidelines of Fortune Global Forum here.
Earlier this year, Mallya's UB Group had acquired 26 per cent stake in low-cost carrier Deccan Aviation for Rs 550 crore. The Group has now scaled up its stake in the budget airline to 46 per cent by buying shares in an open offer.
On overseas operations, Mallya said Air Deccan has sought government approval to fly overseas from next year. The company is looking for a license to start flights to Middle East, South East Asia and the US, he said.
30/10/07 PTI/Economic Times

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Categories: Air Deccan Oct 2007, Kingfisher Oct 2007