Vijay Mallya, chief executive officer of Kingfisher has agreed to pay Rs 550 crore (Rs 5.5 billion) for 26 per cent stake in the budget carrier Air Deccan, promoted by Capt G R Gopinath.
The stake acquisition through preferential allotment would also trigger an open offer of 20 per cent.
With this extra buck in it kitty, will Air Deccan be able to expand its fleet and revamp its services?
Do you think the 'common man' (which happens to be Air Deccan's mascot) will benefit from this deal?
Or is this the beginning of the end of low-cost air travel?
Tell us your views.