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Deccan revives congestion cess.
From:
Economic Times (New Delhi, India)
| Date:
June 7, 2007
| COPYRIGHT 2007 The Economic Times. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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Byline: Sudipto Dey
Jun. 7--NEW DELHI -- It is a way of showing who calls the shots. Air Deccan, country's largest low-cost carrier -- in which liquor king Vijay Mallya took 26 percent stake last week for Rs 550 crore -- has reimposed congestion cess of Rs 150 per passenger from Tuesday.
This is one of the first measures that the UB chief is likely to introduce in the coming weeks to turn around Air Deccan's operations. "We have decided to focus on making Air Deccan's operations profitable this year and this may involve taking some hard decisions," a senior executive from ...
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