Monday, May 08, 2006

Jet-Sahara deal: DGIR probe report by month-end

New Delhi: The probe by the investigating arm of Monopolies and Restrictive Trade Practices Commission (MRTPC) into the Rs 2,300-crore of Air Sahara by Jet Airways has got delayed with the companies seeking more time to file replies on queries.
Director General (Investigations and Registrations), which was entrusted with probing whether the buy-out will lead to a monopoly, is likely to submit its report on the deal by this month-end, according to official sources.
The DGIR probe will look into the issue of trade practices with regard to Monopolies and Restrictive Trade Practices.
DGIR, which has already issued notices to both the carriers, is also banking on aviation experts to arrive at a conclusion on the matter.
However, even as the DGIR looks into the deal, a government committee has already given it a go-ahead to the buy-out.
07/05/06 Zee News