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- The Air Deccan IPO came after Jet Airways. Jet was trading at 50% of its offer price.
- Air Deccan had extremely poor record in terms of its on-time schedules, service, safety and management.
- The IPO was marginally undersubscribed and had to be extended.
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- Low cost airlines is a better and more profitable business model drawing parallels to Ryan Air.
- Capt. Gopinath’s vision to make a common man fly and connect the remotest parts of India.
- Management and systems upgradation – Expat CEO from Ryan Air to take care of operations.
- With Air Deccan’s no frill attitude, the company would clock cash profits faster than any airline.
- Every media analysis and broking house recommended the IPO for long term investment
- IPO oversubscribed but extended. A media coup.
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