Friday, June 23, 2006

Jet-Sahara tussle takes ugly turn

New Delhi: Within hours of its Rs 2,300-crore merger with Jet Airways falling apart, Subrata Roy-led Air Sahara has written to the government to terminate their wide-body aircraft lease agreement which is now threatening to push Jet's ambitious plan to expand services to London into turbulence.
Even as this corporate battle rages, the two airlines are now preparing for a no-holds-barred courtroom battle.
Both sides have also lined up a battery of lawyers with noted advocate Harish Salve leading the Air Sahara team and Fali S Nariman appearing for Jet for a face-off in the Lucknow district court on Friday.
Besides, they have separately moved court again on Thursday seeking a hearing before any plea filed by the other is admitted.
23/06/06 Times of India

See Also:
Jet recalls executives, Sahara flies on its own
Jet may kiss goodbye to Rs880 cr
Security clearance for Jet Airways chief Goyal
Jet agents chart own course
Jet's Goyal not co-operating, say sleuths
Sky’s limited for Sahara, warn experts
Allahabad HC to hear Sahara petition
Air Sahara says no cash crunch
Merger lapse: Sahara on schedule time

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