Deccan 360
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INDIA: Struggling Deccan 360 axes employees
Struggling Indian cargo carrier Deccan 360 has succumbed to mounting losses – totalling US$44 million at the end of the 2010 financial year – informing its nearly 600 staff of the need to downsize.
01 August 2011
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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 oth…
01 July 2011
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INDIA & MIDDLE EAST: Deccan 360 hiring CEO, set to expand ops
India’s Deccan 360 will hire a chief executive officer (CEO) and finalise its new business plan over the next two months as it prepares to expand operations after raising funds through a stake sale last month to Reliance Industries Ltd (RIL), its …
01 June 2010
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INDIA/MIDDLE EAST: Reliance Industries buys shares of Deccan 360
Indian conglomerate, Reliance Industries has said it stepped into the aviation sector as a “strategic investor†by picking up over 26 per cent stake in Captain GS Gopinath-founded cargo airline, Deccan 360. Indian media reports speculated the in…
01 May 2010
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Gopinath initiates price war in India
Air Deccan founder GR Gopinath is replicating his low-fare model in his new express logistics venture. Taking rival Blue Dart head on, Gopinath has kept tariffs 10-15 per cent lower than the market leader. “We are selling our product on expansion…
05 March 2010
