Thursday, August 17, 2006

Talks with Jet speculative: Sahara

New Delhi: Sahara Group said it was 'as of now' pre-occupied with strengthening its airline operations, while terming as speculative the reports on talks with Jet Airways, the estranged suitor of Air Sahara, for an out-of-court settlement.
"We find these reports as a mere speculation. The disputes between Sahara and Jet are sub-judice and we do not wish to comment on any speculation," Sahara Group said in a statement.
The statement from Sahara comes amid reports last week that the top brass of the two airlines were holding discussions to settle their differences out of court. Though both the sides did not officially say anything, sources familiar with the development had then said they were talking to each other on settling differences over the failed Rs 2,200 crore deal for takeover of Air Sahara by Jet out of court.
16/08/06 PTI/Financial Express