27-May-2007
INDIA :
The Deccan Aviation Board approved in principle the preferential allotment and issue of 35,222,231 equity shares at a price of USD3.85 per share to United Breweries Group.
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22-May-2007
INDIA :
BANGALORE (XFN-ASIA) - Discount carrier Air Deccan is counting on first-time fliers and small-town entrepreneurs to turn it into the country's biggest airline.
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16-May-2007
INDIA :
BANGALORE (XFN-ASIA) - Air Deccan, India's largest budget airline, plans to raise USD100 million by selling up to a 26% stake to a professional investor, managing director GR Gopinath said.
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09-May-2007
INDIA :
BANGALORE (XFN-ASIA) - Budget carrier Air Deccan ruled out a sale to upmarket Kingfisher Airlines, saying a combination of the two airlines would make no cultural or business sense.
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07-May-2007
INDIA :
BANGALORE (XFN-ASIA) - Air Deccan, India's largest budget airline, has denied that liquor baron Vijay Mallya's Kingfisher Airlines has made an offer to buy the company in a bid to become the country's top carrier.
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04-May-2007
INDIA :
NEW YORK (AFX) - Irish jet-leasing company Genesis Lease Ltd signed a purchase-and-leaseback agreement with Deccan Aviation Ltd., parent of Indian budget airliner Air Deccan, for two new Airbus A320-200 series aircraft in late Apr-07.
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15-Dec-2006
INDIA :
Air Deccan announced (15-Dec-06) plans to upgrade existing ATR equipment on Bangalore-Mumbai-Jaipur service with A320 equipment.
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13-Dec-2006
INDIA :
Reliance Vision, part of the Reliance Group, confirmed (13-Dec-06) it has acquired a non-strategic 3.5% shareholding in Air Deccan.
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07-Dec-2006
INDIA :
Air Deccan launched (07-Dec-06) a credit card masking system to be used in the companys call centre to enhance security and efficency.
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13-Oct-2006
INDIA :
BANGALORE, India (XFN-ASIA) - Budget airline Air Deccan said it has raised 4.5 bln rupees from foreign banks to ensure its financial stability.
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27-Sep-2006
INDIA :
Air Deccan signed (27-Sep-06) a ten-year, USD150 million components contract with Lufthansa Technik covering its A320 fleet.
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04-Aug-2006
INDIA :
Air Deccan launched several new services this month, including:
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12-Jun-2006
INDIA :
BOMBAY (XFN-ASIA) - India's first and largest low-cost airline, Deccan Aviation, fell sharply in early afternoon trade on its debut, hit by concerns over the industry outlook and recent market volatility, dealers said.
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27-May-2006
INDIA :
Air Deccan concluded (27-May-06) its IPO and confirmed it was 1.23 times over subscribed, receiving offers for 30 million shares against the 24.5 million on offer.
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30-Mar-2006
INDIA :
LONDON (AFX) - Rolls-Royce Group PLC said it has won a 170 mln usd share of a follow-on order for V2500 engines from Indian low cost carrier, Air Deccan to power 30 additional Airbus A320 family aircraft.
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28-Jan-2006
INDIA :
Air Deccan confirmed (28-Jan-06) plans to issue 24.5 million shares in its upcoming IPO, 25% of the post-issue capital.
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24-Dec-2005
INDIA :
Air Deccan and Airbus signed (24-Dec-05) a USD1.5 billion purchase agreement for 30 A320 aircraft, scheduled for delivery from 2008.
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24-Dec-2005
INDIA :
NEW DELHI (AFX) - India's low-cost private carrier Air Deccan announced Saturday it would buy 30 A320 aircraft from European Aeronautic Defence and Space Co (EADS) unit Airbus for 1.5 bln usd.
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17-Nov-2005
INDIA :
Air Deccan announced (17-Nov-05) plans to establish a Sri Lankan based LCC subsidiary, Deccan Lanka.
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12-Nov-2005
INDIA :
Air Deccan launched (12-Nov-05) daily direct Hyderabad-Puttaparthi and Chennai-Puttaparthi service, using ATR42-500 equipment.
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10-Oct-2005
INDIA :
Air Deccan increased (10-Oct-05) fares by 10-15% for fares above INR3,000, to offset the rise in fuel costs.
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12-Sep-2005
INDIA :
Air Deccan launched (12-Sep-05) its new six times weekly Mumbai-Nagpur via Nashik service.
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24-Aug-2005
INDIA :
Air Deccan launched a daily evening Delhi-Amritsar service on 24-Aug-05 to complement the current morning service, due to average load factor above 90% on the route.
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02-Aug-2005
INDIA :
Air Deccan confirmed (02-Aug-05) the following strategic developments:
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06-Jun-2005
INDIA :
Air Deccan confirmed (6 June) plans to raise up to USD300 million to fund expansion by selling a 25% shareholding through an Initial Public Offering.
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