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Article: Jet, Sahara deal on, valued at Rs 18 billion.
- Article from:
- Economic Times (New Delhi, India)
- Article date:
- April 11, 2007
CopyrightCOPYRIGHT 2007 The Economic Times. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Apr. 11--MUMBAI, India -- India's top private airline, Jet Airways Ltd., is again looking to buy Air Sahara after it last year abandoned a $500 million deal to buy its smaller rival, television channels said on Tuesday.
Jet was likely to value privately-owned Air Sahara at 14-15 billion rupees ($325-$350 million), CNBC-TV18 said. NDTV Profit put the valuation at Rupees 18 billion, citing unnamed sources.
A spokeswoman for Jet said she did not have any information on the reports. A spokeswoman for Air Sahara denied the reports.
Jet, which has almost 40 percent of India's fast-expanding domestic market and also flies to some overseas destinations, ...