Taking the budget out of the budget carrier

Taking the budget out of the budget carrier

“Vijay Mallya paid Rs. 550 crores for a 26% stake in Air Deccan. I hope he will continue to run it the way as it is and keep things affordable. People who want to fly the good time can fly his other airilne”

The first news that I read in the paper today was that Kingfisher has taken over Air Deccan. Air Deccan was trying to raise capital for some time and for it, the budget carrier was ready to offer 22% equity in the airlines, which would have been more than what Captain Gopinath—the man who launched this airline and the concept of budget carrier has in the airline.