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Deccan to invest $240 m for aircraft purchase
Times of India
October 5, 2004

Air Deccan, India and the region's fastest growing airline has initiated talks with small aircraft makers Bombardier and ATR to buy fifteen 50-70 seater planes for around $240 million, airline MD GR Gopinath said.

These will be inducted through a mix of leasing and outright purchase. “We have decided to take only brand new aircraft as part of the fleet expansion strategy... The final aircraft supplier will be decided shortly,” Gopinath said.

The ATR aircraft shortlisted for the deal come with a list price ranging from $14 million to $16 million per plane, while the Bombardier jets are priced at around $18-19 million per aircraft.

The intention, he said, is to have a fleet of 17 aircraft by end-March 2005, and include 5 Airbus aircraft. Fleet enhancement will be partly funded by proceeds of private placement. Deccan expects to raise $60 m by selling up to 25% stake to FIIs. “We’ve appointed Rothschild to manage private placement. We’re in final stages and expect to close the deal soon,” Gopinath said. TNN

Posted by Nikhil Khanna @ 9:21 AM


The global defense industry is constantly shaping how borders are protected, wars are fought, terrorists are tracked and caught, and global security maintained. We aim to track news, policy, military exercises and strategic affairs between the world's largest democracies - India and the United States.

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This blog focuses on current issues concerning defense and national security for the world's largest democracy - India. It is updated regularly providing readers with in-depth information on technology transfer, acquisitions, counter-terrorism, security and military collaboration and strategic dialogue between India and the United States. The site includes links to top defense policy & research institutes, think-tanks, military sites and research organizations.
Cooperative Cope Thunder
Nikhil and Jehangir wrote an exhaustive article about the Cooperative Cope Thunder joint event. Their article was publihed in Vayu magazine. Click on the link below to read the in-depth article with amazing pictures courtesy of mark Farmer at
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