I still dream of owning a low-cost air-carrier: Capt Gopinath | business | Hindustan Times
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I still dream of owning a low-cost air-carrier: Capt Gopinath

Two years after selling his budget carrier, Air Deccan to Vijay Mallya-owned Kingfisher Airlines, its former Chairman Captain G R Gopinath, still harbours a dream to return to the low-cost airline segment which he pioneered in the country.

business Updated: May 14, 2009 22:23 IST

Two years after selling his budget carrier, Air Deccan to Vijay Mallya-owned Kingfisher Airlines, its former Chairman Captain G R Gopinath, still harbours a dream to return to the low-cost airline segment which he pioneered in the country.

"It is my dream...The country needs a true low-cost airline," Captain Gopinath told reporters here today.

The Bangalore-based entrepreneur, who is now the Chairman of Deccan Express Logistics, a cargo airline said that he had the option to buy a 10 per cent equity in any domestic air-carrier, as per his agreement with Kingfisher.

"I can buy equity up to 10 per cent in any of the airlines....But right now I am focusing on cargo...But of course, the dream (to launch an airline) is there," Gopinath told reporters here today.

Gopinath who had started Air Deccan in 2003 later sold it to Vijay Mallya-owned Kingfisher in 2007.

To a question whether he was waiting for the recession to get over, Gopinath said, "this is the right time. When I started Air Deccan, the industry was going through a recession."

When asked if this meant that he would be soon turning his dream into reality, Gopinath said, "I can't give any time-frame...I don't know." he said.