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Author Topic: India airline merger talks resume  (Read 1630 times)

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Offline casper

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India airline merger talks resume
« 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.

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Offline casper

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  • Marshal of the Air Force
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  • Posts: 6650
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    • Northern Ireland Aviation
  • Local Airport: Aldergrove EGAA
  • Favourite Aircraft: F-14 Tomcat
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  • Airliners.net Photos: 8
  • Jetphotos.net Photos: 54
  • A-P.net Photos: 510
Jet Airways strikes Sahara deal
« Reply #1 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%.

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