Friday, April 14, 2006

Jet to offer consultancy service to Sahara

Taking a step forward in its $500 million deal to snap up Air Sahara, Jet Airways on Thursday announced it had reached an understanding with the other airline to provide consultancy support to improve its performance in various fields.
Jet Airways informed Bombay Stock Exchange that it had "reached a mutual understanding with Sahara Airlines Ltd for providing consultancy support to them."
In a statement to the BSE, the airline said "this consultancy support will be provided by the company with the objective of enhancing Sahara Ailines' product, improve their on-time performance and service levels as also to improve their bottom line".
Sources said Jet was planning to operate Sahara as a wholly-owned subsidiary till regulatory and other clearances are granted to the acquisition process.
13/04/06 Rediff