Deccan Aviation, parent of Indian LCC Air Deccan, sold rights to future aircraft deliveries to South Way Aircraft Trading of the Cayman Islands, a special-purpose vehicle, in a $100 million transaction funded by Investec Bank of the UK and Germany's HSH Nord Bank, according to press reports. Deccan has ordered 60 A320s for delivery over a seven-year period. MD G.R. Gopinath told reporters that "the deal would go a long way in ensuring Air Deccan's financial stability and insulating us from ...

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