A month awaited curiosity ended yesterday, Two Bangalore based Airlines tycoons became Bhai Bhai, Vijay Mallya from Kingfisher airlines is buying 26% of the stake in Air Deccan and now one can see the smile and relax on Captain Gopinath face, Mr.Gopinath had gone through tough time last couple of months as the Air Deccan was running with loss for 200+ cr.
The news of marriage between KF & AD came a month ago, But Mr.Gopinath was not ready to accept the fact,Infact every time he escaped from press, Last one month the share prices of AD increased 40% + by the news of acquisition.
Air Deccan is well know for low airfare, poor customer service and delayed flight schedules, Kingfisher is know for little costlier in the budget airlines, good customer services, eye and mouth candies.
Well, with the marriage between AD & KF will cut the loss of AD? Will both rule in Indian domestic sector? Will they grab the profit to maximum? No idea, I am not a business analyst.
As a customer I am eagerly waiting for competitive air fares, better customer service & timely schedules with Mallya and Gopinath, will they reach common man with all this? time should answer.
Good Luck Mallya & Gopinath.
