Kingfisher to merge with Air Deccan

The boards of Deccan Aviation and Kingfisher Airlines on Wednesday unanimously decided to merge Kingfisher Airlines with Deccan Aviation.

The merger will create the largest player in the domestic aviation market and pave the way for Vijay Mallya to fly his Kingfisher Airlines to overseas destinations.

Deccan Aviation will subsequently be renamed Kingfisher Airlines. Vijay Mallya will be the chairman and CEO of this company and GR Gopinath, who pioneered low cost aviation in India with Deccan Aviation, will be its vice-chairman.

Mallya