Earlier it was the Jet-Sahara airlines merger that made Jet Airways a big player in Indian sky. Now another airline merger is on the card that would make Vijay Mallya a big name in aviation sector.

According to the reports coming in media, the low-cost carrier Air Deccan has sold 26% stake to Kingfisher Airlines at the rate of Rs 150 per share.

However, Captain GR Gopinath, CEO of Air Deccan, has denied of any possibility of the deal with Kingfisher.

The Economics Times has reported that an Air Deccan board meet is currently underway and the formal announcement will be made tomorrow in this regards.

This is also being said that Captain Gopinath will continue as head of Air Deccan and the Air Deccan will continue work as a low-cost carrier.

The Economic Times has also reported that Vijay Mallya is just steps ahead to acquire Air deccan that happens to be India’s leading low-cost airline. After the merger, the new Air Deccan-Kingfisher alliance would acquire the largest market share in country’s aviation industry and would pose tough challenge to Jet Airways.

Vijay Mallya, after taking over Air Deccan’s major share, may become country’s biggest aviation player in terms of market share.

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