Capt. Gopinath suspends talks with PE investor for starting ultra LCC

The suspension of the talks leaves both Gopinath and PE firm Indigo Partners free to discuss joint ventures with other potential partners unless they decide to resume negotiations

Travel News
Travel News

Indian aviation entrepreneur G.R. Gopinath and US-based private equity investor Indigo Partners LLC have suspended talks to start an airline modelled on Ryanair, Europe’s largest budget airline, after the government allowed overseas carriers to invest in Indian airlines, said a person with knowledge of the development.

The suspension of the talks leaves both Gopinath and Indigo Partners free to discuss joint ventures with other potential partners unless they decide to resume negotiations.

Gopinath, founder of the erstwhile Air Deccan, India’s first low-cost airline, had been in “serious” discussions with Indigo Partners to start an ultra low-cost airline as per a report in Mint.

The person said Gopinath wanted to model the carrier on Dublin-based Ryanair, which charges passengers a fee even for checking in at the airport and has made newspaper headlines in the past with plans to charge passengers for use of toilets on its planes and reduce the number of loos to one per aircraft to make way for more seats.

» Read Complete News.....

(You need to login first to read complete news).
New User? Register for FREE!

» Back to Travel News

Advertisement