Air Deccan IPO Flops | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-06.10.24

Airborne-NextGen-06.11.24

 Airborne-Unlimited-06.12.24 Airborne-FltTraining-06.13.24

Airborne-Unlimited-06.14.24

Wed, May 24, 2006

Air Deccan IPO Flops

Costs Discourage Investors

That big "thud" you may heard from over the horizon came from India... where low-cost carrier Air Deccan's initial public stock offering was just a little disappointing.

Reuters reports Air Deccan executives had hoped to do at least half as well as Reliance Petroleum of India, which raised $600 million in its initial public offering last month.

For that matter, rival Jet Airways was able to raise $434 million in 2005... but there've been major disagreements over the valuation of each share of Air Deccan, and no investor likes that kind of dispute.

Of course, it also doesn't help that the Indian stock market is in something of a tumble right now -- suffering record losses. And with other low-fare carriers lining up in the wings with public offerings of their own, Indian investment gurus are warning their clients away from the industry.

Those analysts say the key to a low-fare carrier is low costs... and high returns. With some seats going for as little as $5 each way... that may be a lesson some of these carriers learn the hard way.

FMI: www.airdeccan.net

Advertisement

More News

ANN FAQ: Submit a News Story!

Have A Story That NEEDS To Be Featured On Aero-News? Here’s How To Submit A Story To Our Team Some of the greatest new stories ANN has ever covered have been submitted by our>[...]

Aero-News: Quote of the Day (06.12.24)

“The legislation now includes a task force with industry representation ensuring that we have a seat at the table and our voice will be heard as conversations about the futur>[...]

ANN's Daily Aero-Linx (06.12.24)

Aero Linx: Waco Museum The WACO Historical Society, in addition to preserving aviation's past, is also dedicated and actively works to nurture aviation's future through its Learnin>[...]

ANN's Daily Aero-Term (06.12.24): Adcock Range

Adcock Range National low-frequency radio navigation system (c.1930-c.1950) replaced by an omnirange (VOR) system. It consisted of four segmented quadrants broadcasting Morse Code >[...]

Airborne Affordable Flyers 06.06.24: 200th ALTO, Rotax SB, Risen 916iSV

Also: uAvionix AV-Link, Does Simming Make Better Pilots?, World Games, AMA National Fun Fly Czech sportplane manufacturer Direct Fly has finished delivering its 200th ALTO NG, the >[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 06.14.24: Air Race Classic, Bong's P-38, Powered Lift Regs

Airborne-Flight Training 06.13.24: Abandoned Students, Nolinor C172, Simming

Airborne 06.12.24: Stupid Heli Trix, Seaplane v Boat, Aussie NIMBY

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC