Jet has already paid Rs5 billion, will pay Rs4 billion by April 20 and the balance Rs5.5 billion in four interest-free equal, annual instalments commencing on or before March 30, 2008. Jet Airways said ôat the current interest rate the net present value NPV of the lump sum price is Rs12 billionö.
Sources close to the deal say Air Sahara has been valued at Rs20.5 billion, of which Rs6 billion has been adjusted against arrears, interest and other liabilities. Thus, the net payable to Sahara is Rs14.5 billion. Exact details...
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