|
|
 Email this Page |  Write to us
Jet Airways: 14 years of flying high!
May 22, 2007
Jet's biggest acquisition: Jet Airways finally agreed to buy out rival Air Sahara after a long drawn out acquisiton battle for Rs 1,450 crore (Rs 14.5 billion).
Air Sahara is now renamed Jetlite. Jet lite will start operation in two months. The deal gives an edge to Jet Airways with a combined domestic market share of about 32 per cent.
Jet believes the merger will help in the cross utilisation of qualified personnel and infrastructure. It will also help the airline consolidate in the highly competitive aviation market in India.
Jet Airways will also benefit from Sahara's existing order for the additional 10 B737NG aircraft which are scheduled for delivery between June 2009 and August 2011.
Jet will get access to additional aircraft to expand its fleet. According to Jet, the acquisition of Sahara Airlines gives it the opportunity to reassess its strategy and use this carrier to provide an innovative service concept of higher quality than current no-frills carriers.
Caption : Indian visitors examine a display panel inside the first class cabin of a recently acquired Boeing 777-300ER aircraft on display at Chatrapati Shivaji International Airport in Mumbai.
Photograph: Sajjad Hussain/AFP/Getty Images
|
|
|
Advertisement
