Tuesday, April 10, 2007

Jet-Sahara merger

Jet Airways and Air Sahara is all set to solve their dispute. After 10 months of haggling and finally with a discount of Rs 750 crore discount, Jet may finally get Sahara cheaper, reports CNBC-TV18.

"We cannot comment anything. The matter is before the arbitration panel," says Naresh Goyal, Chairman, Jet Airways. But Naresh Goyal's smile gave everything away. The Jet Airways chief heaving a sigh of relief, finally sealing a compromise with Sahara after a bitter, 10 month legal battle.

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