Air Deccan in talks to raise USD60m in capital.(Brief Article)

From: Airline Industry Information | Date: November 4, 2004 | Copyright information

AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD

Indian low-cost airline Air Deccan is seeking up to USD60m in capital and is in talks with seven interested parties according to its managing director GR Gopinath.

Gopinath told reporters that the airline expects a deal to be struck with the next 40 days but refused to discuss dilution of stakes in the company by any such deal.

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