Jet-Sahara deal signed

New Delhi, April 12: Ending months of acrimony and legal disputes, Jet Airways on Thursday struck a deal to buy out Air Sahara for Rs 1,450 crore after clearance by a three-member arbitration panel.

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Jet Airways Chairman Naresh Goyal said this price represents a 40 per cent discount to the originally agreed price.

This is the second merger in the country’s aviation industry, after the two state-owned air-carriers, Air India and Indian Airlines announced their merger last month.

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