Friday, March 31, 2006

Jet-Sahara deal clears key hurdle

New Delhi: Paving the way for the merger of Jet Airways and Sahara Airlines, the aircraft acquisition committee today issued guidelines that allowed airlines to transfer route rights, parking slots and bays.
The civil aviation ministry had delayed approval for the merger proposal in the absence of clarity on these issues. The director-general of civil aviation (DGCA) had earlier said flying rights, routes, parking slots were scarce commodities.
See Also:
Jet-Sahara deal will have to wait as govt clears some issues
Jet gets Sahara assets, road clear for merger
Transfer of Air Sahara assets to Jet cleared
The civil aviation ministry had also indicated they should command a transfer price and had sought a policy directive in this regard.Though the guidelines were approved today, their details would be issued next week, providing the much-needed framework for the merger. After the guidelines are announced, the airlines will formally inform the civil aviation ministry of the move.
30/03/06 Telegraph