Deccan Aviation plans stake in airport developer

Deccan Aviation plans stake in airport developer
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First Published: Fri, Jul 27 2007. 11 28 AM IST
Updated: Fri, Jul 27 2007. 11 28 AM IST
Mumbai: Deccan Aviation Ltd, which runs budget airline Air Deccan, plans to take a stake in a consortium that will help identify and build low-cost airports in India, the Business Standard daily said on Friday 27 July.
The company is in the “final stages” of forming a four member consortium, which would include three corporates with infrastructure development interests, the paper said quoting Deccan’s Executive Chairman G.R. Gopinath.
Deccan officials could not be immediately reached for comment.
“Our mission is to achieve equitable development,” the paper quoted him as saying. “Development has to extend to the fringes of the country.... Connectivity plays a crucial role in this,” Gopinath said
A low cost airport can be built for less than Rs400 million with smaller terminals and by doing away with frills such as plush buses to ferry passengers, the paper said.
States such as Maharashtra, Kerala, Tamil Nadu , Assam and Orissa have started identifying land for low-cost airports and the Tata and GMR groups have expressed interest in developing no-frills airport, the report said.
India, through partnership with private firms, is modernising ageing airports designed in the 1950s to keep pace with rapid growth. India’s airlines are expected to ferry about 60 million passengers by 2010, according to analysts.
Deccan has the country’s largest airline network connecting 65 cities and towns.
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First Published: Fri, Jul 27 2007. 11 28 AM IST
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