Jet, Air Sahara to operate as independent cos

Published on Mon, Apr 16, 2007 at 15:27 |  Source : Moneycontrol.com

Updated at Mon, Apr 16, 2007 at 17:45  

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Naresh Goyal, Jet Airways

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In an interaction with the media, Naresh Goyal of Jet Airways states that the market share of the combined entity is seen at 33% post the acquisition of Sahara.

Jet and Air Sahara's combined FY08 net revenues are seen at USD 2.5 billion. He further adds that Jet Airways will raise USD 400 million to fund overseas expansion. Also, Jet and Air Sahara will operate as independent companies.

For complete press conference, watch video

  

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