Air Deccan

Air Deccan is an airline based in Bangalore, India. It was India's first low-cost carrier, it is currently operating 300 flights to 59 destinations a day within India. Its main base is HAL Bangalore International Airport, with a secondary hub at Chennai International Airport, Chennai.HistoryAir Deccan has grown rapidly since it first started air operations in August 2003, and despite its almost disastrous maiden inaugural flight (which caught fire), it has continued to grow.On 25 January 2006, Air Deccan filed a Red Herring prospectus with the Securities and Exchange Board of India. Air Deccan plans to offload 25% of its stake in the IPO planned for late March or early April. 24.5 million equity shares of ten rupees each will be divested at a price to be announced later to raise Rs Cr ($250-300...

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