« previous next »
Pages: [1]   Go Down

Author Topic: India airline merger talks resume  (Read 1629 times)

0 Members and 1 Guest are viewing this topic.

Offline casper

  • Administrator
  • Marshal of the Air Force
  • *****
  • Posts: 6650
  • Gender: Male
    • Northern Ireland Aviation
  • Local Airport: Aldergrove EGAA
  • Favourite Aircraft: F-14 Tomcat
  • Camera Used: Canon EOS7D
  • Airliners.net Photos: 8
  • Jetphotos.net Photos: 54
  • A-P.net Photos: 510
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.

More Info
Logged

Offline casper

  • Administrator
  • Marshal of the Air Force
  • *****
  • Posts: 6650
  • Gender: Male
    • Northern Ireland Aviation
  • Local Airport: Aldergrove EGAA
  • Favourite Aircraft: F-14 Tomcat
  • Camera Used: Canon EOS7D
  • 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%.

More Info
Logged
Pages: [1]   Go Up
« previous next »