Tuesday, February 25, 2025 | 07:31 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

UDAN scheme: Air Deccan, Air Odisha tie up with Adani kin's GSEC Aviation

Operators, investors join hands to build a consortium for offering low-cost flights

Vijay Rupani
Premium

Vijay Rupani at the launch of UDAN in Ahmedabad

Vinay Umarji Ahmedabad
Air service operators Air Deccan and Air Odisha have joined hands with Gujarat-based cargo operator and investors Gujarat State Export Corporation (GSEC) Ltd. and Monarch Group for catering to routes under round one of Ude Desh Ka Aam Nagrik (UDAN) scheme.
Dismissing speculations of a buyout, Capt G R Gopinath of Air Deccan said, "This is a partnership between Air Odisha, Air Deccan, GSEC and Monarch. We cannot disclose the investment or the shareholding structure because it is still being worked. Each of us have our strengths such as Air Odisha's huge network. GSEC and Monarch as investors and Air Deccan's

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in