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Jet Airways to Buy Sahara Airlines

If that headline meant nothing to you, then you haven’t been following the crazy world of India’s airline industry (and I applaud you for not being a complete freak).  Jet Airways, India’s largest domestic carrier, purchased Sahara Airlines for about $500 in what many think is just the first bit of consolidation in the rapidly growing industry.  How fast is India’s airline biz expanding?  Domestic ticket sales rose 56% last year, and India’s airlines placed $13.6 billion worth of orders for 150 new aircraft—more than any other country.  Plus, 12 airlines have applied for certificates to fly in the country.  It’s a free-for-all over there, and this is just the first step in rationalizing the growth.

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