Deccan Aviation gains 4% on nod to fly overseas

MUMBAI: Shares of Deccan Aviation rose more than 4 per cent Wednesday after it received a nod from the Civil Aviation Ministry to fly overseas, effective from Aug 26.

The ministry has approved traffic rights to the airline for seven services a week between Bangalore and London.

At 11 am, the Deccan Aviation share was up 3.21 per cent at Rs 90 after rising to a high of Rs 91.15 with volume traded at 3,09,325 against two-week average of 3,87,534 shares.