Experts favour Kingfisher-Air Deccan merger

CHEERS ALL AROUND: Kingfisher, which owns a 46 pc stake in Deccan may soon merge the airline with its own.

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Keywords: Gopinath, Vijay Mallaya

New Delhi: UB Chief Vijay Mallya has said that Kingfisher Airlines could merger into Air Deccan.

The consulting firm Accenture — hired to look into potential synergies between the two airlines — presented its report at a meeting on Wednesday and according to sources, the consultants favour a merger between the two airlines.

Deccan Managing Director, G R Gopinath said Accenture had presented a comprehensive report at the meeting in which Vijay Mallya was also present.

He however, declined to comment on the outcome of the meeting and said that a final decision would be taken only after the meeting of the Board of Directors of Air Deccan.

The Mallya-led UB Group is a majority shareholder in Air Deccan with a 46 per cent holding.

The Air Deccan brand was revamped earlier to match Kingfisher colours after UB Group bought a majority stake in the company.