New owner of Air Deccan, Air Odisha plans to invest $10 mln in the embattled carriers
Hussein, who is a Director of Sharjah-based Ghalia Petrol LLC, said immediate fund infusion is required for the two airlines. "We are a majority stakeholder in GSec Monarch Private Ltd, which owns Air Deccan and Air Odisha... The investment is through family-owned enterprises. An Indian company (is) investing into it," he told PTI in an interview.
![New owner of Air Deccan, Air Odisha plans to invest $10 mln in the embattled carriers New owner of Air Deccan, Air Odisha plans to invest $10 mln in the embattled carriers](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2018/11/01/58080-air-deccan-pti.jpg?itok=f64qcbGG&c=c5af8c0f92ccc8e249257bf0f1cb18e8)
As Air Deccan and Air Odisha grapple with turbulent times, their new owner and Sharjah-based NRI Zahid Hussein plans to invest USD 10 mn initially as well as restructure the two airlines. Image source: PTI