Air India has no plans to buy Serbia's JAT

New Delhi: Air India has no plans to buy Serbia's state-owned carrier JAT and is yet to decide on a proposal from JAT for a strategic alliance, Civil Aviation Minister Praful Patel told parliament on Tuesday.
The Serbian government plans to privatise JAT, whose assets including its 20-year-old fleet mainly of Boeing 737 planes and real estate are estimated to be worth $150 million.
In June, an Air India spokesman told media the carrier was was considering a strategic alliance with JAT, and could later bid for an equity stake if there was an agreement on the valuation and sharing of profits.
14/08/07 Reuters/Economic Times

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