Other News for Sahara Airlines

  • AA09: Jetlite fleet renewal to begin in 2010


    <p>India's Jet Airways could be in the market for both narrowbodies and regional jets in 2010 as part of a fleet...


  • News Listings for Sahara Airlines

  • AA09: Jetlite fleet renewal to begin in 2010

    News | 09 Sep 2009 03:13 | Siva Govindasamy

    <p>India's Jet Airways could be in the market for both narrowbodies and regional jets in 2010 as part of a fleet renewal plan for its Jetlite subsidiary.</p><p>"Jetlite's...http://www.flightglobal.com/news/articles/AA09-Jetlite-fleet-renewal-to-begin-in-2010-332041/
  • Jet Airways CEO retires early

    News | 01 Apr 2009 08:37 | Olivier Bonnassies

    <p>Jet Airways announced that Group CEO Ravi Chaturvedi left the company on 25 March 2009, instead of 1st June 2009, as communicated earlier.</p><p>The carrier...http://www.flightglobal.com/news/articles/Jet-Airways-CEO-retires-early-324619/
  • India's Jet rejects criticism of Air Sahara takeover

    News | 18 Apr 2007 06:44 | Nicholas Ionides

    <body lang=EN-GB style='tab-interval:36.0pt'> <div class=Section1> <p class=MsoNormal>India’s Jet Airways has rejected suggestions it only agreed to acquire rival Air Sahara because it feared losing an arbitration case, insisting instead that the purchase will be good for its shareholders and will help it compete more effectively against new domestic operators.</p> <p class=MsoNormal>Jet says in a statement issued nearly a week after it announced that it had agreed to acquire Air Sahara that some analysts’ suggestions that the deal was effectively a forced marriage are “without any foundation” and are “ill-informed”.</p> <p class=MsoNormal>In January last year Jet originally agreed to acquire Air Sahara from the Sahara Group for nearly $500 million but the deal collapsed in June. Sahara accused Jet of improperly walking away from the deal and both sides turned to the courts seeking possession of hundreds of millions of dollars that had been deposited into an eschttp://www.flightglobal.com/news/articles/Indias-Jet-rejects-criticism-of-Air-Sahara-takeover-299373/
  • India's Jet revives deal to buy Air Sahara for $339m

    News | 12 Apr 2007 10:05 | Nicholas Ionides

    <body lang=EN-GB style='tab-interval:36.0pt'> <div class=Section1> <p class=MsoNormal>India’s Jet Airways has settled a dispute over last year’s failed takeover of rival Air Sahara and will now be going ahead with the acquisition, although for a smaller cash amount than originally agreed.</p> <p class=MsoNormal>Jet says in a brief statement to the Bombay Stock Exchange that it and Air Sahara “have settled their disputes with regard to the share purchase agreement of January 18 2006, by the company [Jet] agreeing to acquire all the shares of Sahara Airlines” for Rs14.5 billion ($339 million). This is well below the $500 million price that was originally agreed last year.</p> <p class=MsoNormal>It says Rs5 billion has already been paid to parent company the Sahara Group while another Rs4 billion will be due on 20 April. The remaining Rs5.5 billion will be payable in four interest-free instalments, the last of which will be due on 30 March 2008.</p> <p class=MsoNhttp://www.flightglobal.com/news/articles/Indias-Jet-revives-deal-to-buy-Air-Sahara-for-339m-304285/
  • Jet Airways and Air Sahara to merge

    News | 23 Jan 2006 10:00

    <P><BR>Jet Airways has confirmed that it will acquire rival carrier Air Sahara in a ground-breaking deal worth around $500 million. The deal represents the first consolidation in India’s fast-changing air transport market. <BR><BR><IMG height=156 alt=GOYAL hspace=6 src="../assets/getAsset.aspx?ItemID=11162" width=106 align=left>Jet, India’s largest privately owned airline, confirmed to the Bombay Stock Exchange that directors “considered and approved, subject to receipt of regulatory approvals as may be required, the acquisition by the company of 100% of the full paid-up equity share capital of Sahara Airlines Ltd”. <BR>Jet says the cash deal will be worth around $500 million. <BR>Delhi-based Air Sahara, which is owned by the Sahara Group conglomerate, has been on the market for some time as it needs cash to expand, although Mumbai-based Jet denied in October any interest in buying it. Recently launched Kingfisher Airlines was considered a front-runner in the bidding but it says it hashttp://www.flightglobal.com/news/articles/Jet-Airways-and-Air-Sahara-to-merge-204242/
  • India's Jet Airways to acquire rival Air Sahara

    News | 19 Jan 2006 07:19 | Nicholas Ionides

    <body lang=EN-GB style='tab-interval:36.0pt'> <div class=Section1> <p class=MsoNormal>Jet Airways has confirmed it will acquire rival Air Sahara in the first airline consolidation deal to hit the fast-changing Indian market.</p> <p class=MsoNormal>Mumbai-based Jet says in a brief statement to the Bombay Stock Exchange that a board meeting was held today at which directors “considered and approved, subject to receipt of regulatory approvals as may be required, the acquisition by the company of 100% of the fully paid-up equity share capital of Sahara Airlines Ltd”.</p> <p class=MsoNormal>No further details are immediately available but the deal is believed to be worth a little more than $500 million.</p> <p class=MsoNormal>The takeover was anticipated as Jet confirmed last week that it was in talks to acquire Air Sahara. Days later it added to the speculation by scheduling a board meeting for 21 January at which its directors are to consider new cash-raising opthttp://www.flightglobal.com/news/articles/Indias-Jet-Airways-to-acquire-rival-Air-Sahara-289647/