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April 12, 2007

Jet Airways Will Buy Air Sahara...Again

Jet Airways, which has about 1/3 of India's airline market share, will purchase Air Sahara for $340 million.  If this sounds sorta familiar, it's because Jet Airways was going to buy them last year for about $500 million, but decided at the last minute to pull out because they felt their bid was overvalued.  Yes, that sounds weird that they were unhappy with their own bid.  But the move seems to have worked, as they've knocked about a third off the price.  No word on whether the airlines will actually merge, but some news outlets are reporting that Air Sahara will be re-launched as a discount airline to compete with Air Deccan, SpiceJet and GoAir.

April 12, 2007 | Permalink: Jet Airways Will Buy Air Sahara...Again


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