Deccan Aviation bid to mop up $75 m

Deccan Aviation, which runs Air Deccan, is planning to shed up to 15 per cent stake to mop up another $75 million for funding new aircraft purchase.

During the current calendar year, the airline is expected to have cash of around $95 million, apart from the $75 million it plans to get from new investors. This is expected to be utilised over the next two years.

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