Kingfisher and Deccan will be merged in April under a new holding company. More consolidation is on its way in the fast-changing Indian market with low-cost carrier Deccan and full-service carrier Kingfisher Airlines planning to merge as a single business entity.
Privately-owned Kingfisher’s parent UB Group bought into publicly traded Deccan last year, initially acquiring 26% and later increasing its stake to 46%, before lifting it further to 49.8%.
India’s Kingfisher and Deccan to merge
