Jet Airways buys Air Sahara

First marriage in Indian skies.

Jet Airways, India's largest private sector airline, seems to have a penchant for announcements at the start of a calendar year. This time last year the carrier got permission to fly international routes, making the hitherto purely domestic airline a global player.

And on January 19 Jet Airways and Air Sahara issued a joint announcement that the former had acquired the latter for an all cash consideration of Rs23 billion $500 million. It is estimated...

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