Air Sahara is now Jetlite

Lucknow: Sahara India Pariwar today dispels the confusions pertaining to the administrative control and operations of Air Sahara. Sahara India Pariwar sold the 100 per cent shares and management of its aviation company under the brand name of Air Sahara to Jet Airways. The Share Purchase agreement of this deal was concluded on April 12, 2007. As per the agreement, Jet Airways took over the ownership and management control of Air Sahara and all its national as well as international operations from April 20, 2007 and since then Jet is running the Airlines.
On April 22, 2007 Jet changed the name of Air Sahara to Jetlite and announced that it will operate as a subsidiary of Jet Airways. Hence, Air Sahara for all practical purposes is Jetlite and is operated and controlled by a management board comprising of Jet Airways representatives. As requested by Jet Airways the entire re-branding of the airline would physically take three months. Sahara has considered in the agreement/ consent terms that from April 20, 2007 for a period of 90 days, Jet may use, inter alia the brand name Air Sahara as a part of its corporate name. But this doesn't change the fact that the airline is now Jetlite and the operation is run by Jet Airways under its 100 per cent subsidiary Jetlite.
21/06/07 Sahara Samay

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Categories: Jet Lite Jun 2007