Popular Articles

cheap cigarettes
GST to reduce tax burden on industrial sector
The implementation of goods and services tax (GST) from next financial year will result in the reduction of tax burden for the industrial sector and make it more competitive, a senior official said today.

US markets end flat
US markets ended flat on Tuesday. The Dow dropped two points to 10,545 while the Nasdaq slipped three points to 2,288.

News of the day

payday loans online
Obama health care reform put on hold for now
US President Barack Obama"s ambitious health care reform now appears to have been put on hold for the time being after the shocking Democratic party defeat in the Massachusetts Senate polls this week, which has denied the ruling party of a filibuster majority in the Senate.
Public Company

Air Deccan still airborne two-yrs after sale to Kingfisher

Air Deccan as an airline may have flown into sunset with Kingfisher buying it out two years ago, but the brand continues to fly the Indian skies as about 10 jets of the erstwhile carrier are yet to be repainted by the new owner. - Aviation sector to turn the corner in 2010: Praful - Kingfisher to fly between Nepal and India - Kingfisher to fly between Nepal and India - Jet "still talking" to Kingfisher for code sharing - Kingfisher leads loss-making list of carriers - Bird hits cause Rs 7 cr loss for airlines "About 10 airplanes from the (Air) Deccan fleet are yet to be repainted and rebranded by Kingfisher," a senior Kingfisher Airlines official told PTI. Most of the Air Deccan aircraft that await repainting are small single-aisle ATR jets. When contacted, the Kingfisher Airlines spokesperson said re-painting of aircraft is typically done when the aircraft visits the MRO (Maintenance, repair, overhaul) workshop for scheduled maintenance checks. "It doesn"t make any sense to pull out an otherwise completely airworthy aircraft from regular commercial service, only to get it re-painted with the Kingfisher brand name," the spokesperson added. The Vijay-Mallya led carrier had acquired Air Deccan founded by Capt G R Gopinath in 2007. It had acquired 26 per cent for Rs 550 crore and later made an open offer for another 20 per cent taking its overall holding to 46 per cent. Air Deccan was subsequently rebranded as "Fly Kingfisher" after the Karnataka High Court gave final approval for a merger of the two companies last year. Yet, Capt Gopinath had continued to hold around 10 per cent stake in the new entity but gradually he had reduced stake to little over one per cent in September 2009. Kingfisher currently has a fleet of 71 aircraft comprising ATR and Airbus jets.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):