Northern Ireland Aviation Enthusiast's Forum

General Aviation Discussion => Aviation News => Topic started by: casper on April 11, 2007, 12:48:24 PM

Title: India airline merger talks resume
Post by: casper on April 11, 2007, 12:48:24 PM

India's largest private airline, Jet Airways, has revived talks to buy out its smaller rival, Air Sahara, after the deal collapsed last year.
A Jet Airways official told the BBC the two parties were at the negotiating table, "trying to arrive at an amicable settlement".

The deal is reportedly valued at $410m, but none of the airline officials was willing to confirm the amount.

More Info (http://news.bbc.co.uk/1/hi/world/south_asia/6542485.stm)

Title: Jet Airways strikes Sahara deal
Post by: casper on April 12, 2007, 11:55:24 PM

India's largest private airline, Jet Airways, says it has agreed to buy out its smaller rival, Air Sahara, for 14.5 billion rupees ($340m).

Jet Airways has already paid Sahara $116m. It will make a further payment of $83m before 20 April and the rest will be paid in annual instalments.

The deal gives the airline a combined domestic market share of about 32%.

More Info (http://news.bbc.co.uk/1/hi/world/south_asia/6547941.stm)