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Apr 2007
Jet Airways eyeing Air Sahara again
Mumbai:
Jet Airways Ltd. is reportedly again looking at buying
Air Sahara, almost a year after abandoning a 500 million
dollar deal. Jet Airways is likely to value Air Sahara
at 325 to 350 million dollars, sources were reported,
as saying. A Jet spokeswoman said she had no knowledge
about the proposed deal or negotiations thereof, while
an Air Sahara spokeswoman denied the report. Jet,
which has almost 40 percent of India 's fast-expanding
domestic market and also flies to some overseas destinations,
struck a deal in January 2006 to buy Air Sahara from
the Sahara group. After the deal failed to get regulatory
approvals, Jet said last June that it had decided
not to pursue the acquisition for commercial reasons
and in the interest of its shareholders.
-Apr
10, 2007
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