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-04.29.24

Airborne-Unlimited-04.23.24

 Airborne-Unlimited-04.24.24 Airborne-FltTraining-04.25.24

Airborne-Unlimited-04.26.24

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's Daily Aero-Term (04.28.24): Airport Marking Aids

Airport Marking Aids Markings used on runway and taxiway surfaces to identify a specific runway, a runway threshold, a centerline, a hold line, etc. A runway should be marked in ac>[...]

Aero-News: Quote of the Day (04.28.24)

"It is extremely difficult, if not impossible, for manned aircraft to see a drone while conducting crop-enhancing and other aerial applications at low altitudes and high speeds. We>[...]

ANN's Daily Aero-Linx (04.28.24)

Aero Linx: The Skyhawk Association The Skyhawk Association is a non-profit organization founded by former Skyhawk Pilots which is open to anyone with an affinity for the A-4 Skyhaw>[...]

Aero-News: Quote of the Day (04.29.24)

“The T-54A benefits from an active Beechcraft King Air assembly line in Wichita, Kansas, where all required METS avionics and interior modifications are installed on the line>[...]

ANN's Daily Aero-Linx (04.29.24)

Aero Linx: Aerostar Owners Association The Association offers the Aerostar Owner a unique opportunity to tap an invaluable source of information concerning the care and feeding of >[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne Affordable Flyers 05.02.24: Bobby Bailey, SPRG Report Cards, Skydive!

Airborne 05.01.24: WACO Kitchen, FAA Reauthorization, World Skydiving Day

Airborne-NextGen 04.30.24: Skydweller Flies, Cassio 330, UAV Design Competition

See All

Advertisement

Podcasts

Advertisement

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