Air India appoints Accenture to study JAT tie-up

Mumbai: Air India has appointed Accenture as the consultants to study its proposed tie-up with Serbia's national airline Jugoslavenski Aerotransport (JAT) to operate within Europe.
The report is expected to be submitted shortly.
Accenture was also the consultant for preparing the roadmap for the Air India-Indian merger. Air India was not looking at an acquisition, but only considering strategic co-operation and the nature of the relationship will depend upon negotiations between the two airlines.
Air India's plans follows its domestic rival, Jet Airways' decision last week to create a hub at Brussels to gain access to Europe and North America.
The Russian national carrier, Aeroflot, has already evinced an interest in the 80-year-old Serbian airline, which could be sold by the end of this year.
Currently, JAT operates 10 Boeing 737-200s and four ATRs and these aircraft are 15-25 years old.
12/06/07 Press Trust Of India/Business Standard

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Categories: Air India Jun 2007, Foreign Jun 2007, New Jun 2007