Deccan Aviation to raise $100 million overseas

Deccan Aviation Ltd., India's biggest low-fare airline, plans to raise $100 million in structured finance after a May initial public offering collected less money than targeted, Bloomberg reported.
The airline's managing director said that Deccan Aviation will raise the money from overseas banks.
The official said that Deccan Aviation, which operates the Air Deccan low-fare carrier, will give details on its fund-raising plan within 15 days.
Deccan needs funds as it has more than 90 planes on order and the money-losing carrier raised less money than targeted in its IPO.
26/09/06 Middle East North Africa Financial Network, Jordan

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