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This is an archive article published on January 2, 1998

KSIDC airline JV with Span unlikely

THIRUVANANTHAPURAM, January 1: The Kerala State Industrial Development Corporation's (KSIDC) intra-State flight plans in collaboration with ...

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THIRUVANANTHAPURAM, January 1: The Kerala State Industrial Development Corporation’s (KSIDC) intra-State flight plans in collaboration with Maharashtra-based Span Aviation have gone to the hangar even before a takeoff. The flight service was originally scheduled to start from November. With one of the key partners, Wardekar, backing out, Kerala State Industrial Development Corpn is on the prowl to rope in more risk-sharers for the Rs 15.7-crore project. Wardekar’s break off has left about a Rs 2.5 crore-gap in the financing pattern.

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