Captain Gopinath quits Kingfisher board

Gorur Ramaswamy Iyengar Gopinath (Captain G R Gopinath), credited with heralding the low-cost carrier model in the country, today stepped down from the board of Kingfisher Airlines.

"Capt G R Gopinath and Capt K J Samuel have resigned from the board as directors to take effect from the close of the meeting of the board held today," Kingfisher said in a communique to the National Stock Exchange.

Capt Gopinath was appointed vice chairman of Kingfisher Airlines after the Vijay Mallya-led carrier took controlling stake in his budget airline Deccan Aviation.

Capt Gopinath has started a new venture -- express transportation and logistics company 'Deccan 360' -- where he is chairman and managing director.

 

Last year, Capt Gopinath had continuously been offloading his stake in Kingfisher, bringing his holding down to 0.32 per cent in September 2009.