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

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