Air Sahara leaving on a Jet plane, finally!

The Jet-Sahara deal is in the interest of the two airlines, the aviation industry and the consumers, said Air Sahara president Alok Sharma. “It’s a win-win deal for both airlines. The industry was set to see consolidation. An industry that is ill is not in the interest of the nation or the consumer,” he said soon after the Jet-Sahara deal was officially announced.
With two mergers in the works, size would be key for survival in the domestic aviation market, he added. He concedes that size has become an important criteria for success in the aviation sector. “For instance, Air Sahara needed the size to grow its market share,” he said. Post-merger, Jet and Sahara would have a combined domestic market share of about 33-34%.
On issues concerning its 3,700-odd employees, Mr Sharma said that the group will ensure that interests of its employees are taken care of.
Discounting any hitch in completing the transaction, he said the government approvals for the deal were already in place. Mr Sharma said apart from Air Sahara’s flying rights and parking slots, Jet would also get to use the 10 Boeing 737 aircraft for which Sahara had placed orders. The Sahara group would retain the brand Air Sahara, he added.
13/04/07 Economic Times

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Categories: Air Sahara Apr 2007, Jet Airways Apr 2007