I still dream of owning a low-cost air-carrier: Capt Gopinath

Mumbai: Two years after selling his budget carrier, Air Deccan to Vijay Mallya-owned Kingfisher Airlines, its former Chairman Captain G R Gopinath, still harbours a dream to return to the low-cost airline segment which he pioneered in the country.
"It is my dream...the country needs a true low-cost airline," Captain Gopinath told reporters here on Thursday.
The Bangalore-based entrepreneur, who is now the Chairman of Deccan Express Logistics, a cargo airline said that he had the option to buy a 10 per cent equity in any domestic air-carrier, as per his agreement with Kingfisher.
When asked if this meant that he would be soon turning his dream into reality, Gopinath said, "I can't give any time-frame...I don't know." he said.
14/05/09 PTI/Economic Times

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Categories: Deccan Aviation May 2009