| Decan 360 has found an investor for cargo fleet |
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Well known Indian entrepreneur Capt. GR Gopinath has found an investor for the planned expansion of his Deccan 360 service (CEP-News 01/10). Accoding to information gleaned by CEP-News a 26% stake in the newly found express freight service has been sold to the Indian investment trust RIL (Reliance Industries). Market observers estimate that RIL paid between 20m and 23m euros for the stakeholding. The additional funds will be used to build an infrastructure for ground handling, find franchisees for its regional presence, and open air freight terminals at the Delhi and Hyderabad airports. The target is to create a domestic express and logistics network with 5 Airbus freighters as well as six cargo planes manufactured by ATR. Source: CEP News, July 28, 2010 |
