Air Deccan aims to fly even higher

Air Deccan, India’s second-largest domestic airline by marketshare, has approached some of the country’s leading conglomerates to raise $75-100 million for its expansion plans. The low-cost airline has sounded out the Reliance Anil Dhirubhai Ambani group, which operates the country’s second-largest private telecom company, and a leading Delhi-based conglomerate about the investment, said a source familiar with the development.

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