...
...
Next Story

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' deal

Updated on: Jun 22, 2006, 20:03:00 IST
None | By , New Delhi
Prefer HTon Google
Advertisement

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.

HT Image
HT Image

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."

 
Get the latest India News, breaking headlines and real-time updates from across the country. Stay informed about politics, government policies, crime, weather and major national developments.
Get the latest India News, breaking headlines and real-time updates from across the country. Stay informed about politics, government policies, crime, weather and major national developments.
SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe