Saturday, March 11, 2006

Jet-Sahara deal in order says anti-trust body

New Delhi: India's anti-trust body has at first sight found nothing wrong with the country's biggest aviation deal in which Jet Airways is to buy out rival Air Sahara for $500 million. "Nothing has really been found prima facie to show there has been a violation by Jet Airways in the deal as far as monopolistic practice is concerned," said BK Rathi, chairman of the Monopolies and Restrictive Trade Practices Commission.
"But since there is a lot of public outcry and matters flared up amid volleys of allegations, we have decided to get a complete evaluation of the deal done by a competent authority," Rathi said.
11/03/06 Times of India