INDIA & MIDDLE EAST: Key Deccan 360 investor shying away

Deccan 360 has grounded its air cargo service and scaled down its surface transport operation, as it battles rising operating costs and low volumes. “They (Reliance) have conveyed that they would not like to invest further but are morally and otherwise supportive of the business venture. They have also said that they will not mind […]


Deccan 360 has grounded its air cargo service and scaled down its surface transport operation, as it battles rising operating costs and low volumes. “They (Reliance) have conveyed that they would not like to invest further but are morally and otherwise supportive of the business venture. They have also said that they will not mind a dilution of their stake if any other player wants to come and partner,” Deccan 360’s chief executive HL Rikhye said.