A high level official committee on Thursday cleared 100 per cent transfer of all assets of Air Sahara to Jet Airways.

The Aircraft Acquisition Committee, including offices of the Civil Aviation Ministry, Directorate-General of Civil Aviation and Airports Authority of India, has cleared the transfer of properties, including issues relating to parking bays and slots, official sources said.

However, these rights cannot be further transferred or leased to a third party, they said.

The sources said the committee has finalised its guidelines on merger and acquisitions and would be sending them to the Civil Aviation Ministry very soon for its approval.

Sources said the new guidelines "will be out next week" after Civil Aviation Minister Praful Patel gives his nod.

On the issue, Patel has made it clear that "best international practices will be followed in regard to mergers and acquisitions".

These guidelines would also enable the proposed merger of national carriers Air-India and Indian.

Such a merger would enable the national carriers to not only face domestic competition, but also on the international front, especially from large airlines like Singapore Airlines, British Airways, Malaysian Airlines and Emirates.