Air Transport World

Kingfisher takes piece of Air Deccan.(FINANCIAL RESULTS, NEW DEALS, AND REPORTS FROM EVERY CORNER OF THE GLOBE)(Brief article)

The pace of Indian consolidation is ramping up as Kingfisher Airlines took a big step toward acquiring Bangalore rival Air Deccan with the purchase of a 26% stake in Deccan Aviation for INR5.46 billion ($133.6 million).

The transfer includes a promise from Kingfisher parent United Breweries Holdings to make an open offer for a further 20% of Air Deccan, the country's first low-fare carrier (ATW, 5/07, p. …

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