Wednesday, March 22, 2006

Will Jet Airways and Air Sahara become one?

For those of you unfamiliar with the happenings in the Indian aviation sector, here is something.

The two of the major private airways in India, Jet airways and Air Sahara are becoming one and have come to an agreement for a sum of Rs.2300 crore. In this agreement Air Sahara is coming under the Jet airways.

But the news is that the deal maybe under threat due to the pending clearance from the Directorate General of Civil Aviation (DGCA).

An extension has been made on both sides by the airliners, to March 24 2006 as the deadline for effecting the transaction.

Lets hope that the biggest aviation deal in Indian history happens.