Thursday, March 25, 2010

Gopinath quits from Kingfisher Board

Gopinath quits from Kingfisher Board
By   siliconindia news bureau
Thursday,25 March 2010, 08:13 hrs
New Delhi: Captain G R Gopinath, the pioneer of the low-cost carrier model in the country, resigned from the board of Kingfisher Airlines. Captain Gopinath has started a new venture - express transportation and logistics company 'Deccan 360' - where he is the Chairman and Managing Director, reports PTI.

"Captain Gopinath and Captain K J Samuel have resigned from the board as Directors to take effect from the close of the meeting of the Board of Directors of the company held on Wednesday," Kingfisher said in a communique to the National Stock Exchange. Gopinath was appointed Vice Chairman of Kingfisher Airlines after the Vijay Mallya-led carrier took controlling stake in his budget airline Deccan Aviation.

Last year, Captain Gopinath had continuously been offloading his stake in Kingfisher, bringing his holding down to 0.3 percent in September 2009.