Jet Chairman denies talks on stake buy in SriLankan

Chennai: The Chairman of Jet Airways, Mr Naresh Goyal, stonewalled questions on whether or not he would like to pick up Emirates’ stake in SriLankan Airlines. “We have not discussed it,” he said.
Asked if that meant that the airline was not interested in SriLankan, Mr Goyal said, “We have enough on our plate. I am not saying we are not interested. I don’t know because we have not discussed it.” He also denied rumours that Jet was interested in taking over British Midland Airways Ltd. “We have not discussed anything with either SriLankan or BMI.” .
In the last ten years, Emirates has been running SriLankan under a management contract. The contract is coming to an end in March and is not likely to be renewed. Sources in the industry have it that Emirates has been offering its 43.5 per cent stake in SriLankan to various Indian airlines.
02/02/08 Business Line

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Categories: Foreign Feb 2008, Jet Airways Feb 2008, New Feb 2008