Jet Airways, Air Sahara top brass iron out legalities
Within hours of the biggest aviation deal collapsing, two sides swung into action to minimise damages in face of actions. In graphics: The anatomy of a 'doomed' dealindia Updated: Jun 22, 2006 20:03 IST
Within hours of the mega deal to acquire Air Sahara by Jet Airways for Rs 2,300 crore collapsing, the two sides swung into action to minimise damages in the face of legal actions initiated by both.
Top brass of the two airlines were huddled in long meetings and engaged in consultations with legal experts to deal with the cases filed by them in Mumbai and Lucknow courts.
Air Sahara President Alok Sharma on Thursday took effective charge of the aviation operations, which till midnight was under the charge of Jet Airways.
Immediately after taking charge, Sharma held a series of meetings with heads of departments of the airline to restore normalcy in the operations, which were in a state of flux.
A Sahara spokesperson said that "we have resumed charge of Air Sahara after the expiry of the deadline for transaction and have started operations on our own".
Sharma, who had gone to Delhi Airport this morning to oversee the operations and boost employees' confidence, told reporters: "I see energy and enthusiasm among the people behind the counters ... Absolutely new freshness in them... If at all I see something, I am seeing something positive."
While Air Sahara this afternoon filed a caveat in the Lucknow Bench of the Allahabad High Court as a preventive step to guard against any ex-parte hearing or order in the case, Jet Counsel Rajesh Tiwari said in Lucknow that they had not moved the High Court and would appear before the lower court as the former had approached the District Court.