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{{Infobox_Airline |airline=Air Sahara / Jet Lite
एअर सहारा |logo =Jetlite_logo.JPG |logo_size=206px|fleet_size=28|destinations=34|IATA=S2|ICAO=RSH|callsign=JET LITE|parent=
Jetair|key_people= [Subrata Roy (founder and owner), Alok Sharma(President), Naresh Goyal (Owner, Jetair)]|focus_cities=
Chhatrapati Shivaji International AirportChennai International AirportBegumpet Airport
Netaji Subhash Chandra Bose International Airport
HAL Bangalore International Airport:एअर सहारा), is an [airline based in
New Delhi,
India. It is a privately owned airline operating scheduled services connecting metropolitan centres in India. The airline also provides helicopters which are available for charter services and aerial photography. Its main base is
Indira Gandhi International Airport, New Delhi, with hubs at Begumpet Airport, Hyderabad, India, Chatrapati Shivaji International Airport,
Mumbai, Chennai International Airport,
Chennai and Netaji Subhash Chandra Bose International Airport,
Kolkata.
History
The airline was established on 20 September
1991 and began operations on 3 December
1993 with two Boeing 737#737-200 aircraft as Sahara Airlines. Initially services were primarily concentrated in the northern sectors of India, keeping Delhi as its base, and then operations were extended to cover all the country. Sahara Airlines was rebranded as Air Sahara on
2 October 2000, although Sahara Airlines remains the carrier's registered name. On
22 March 2004 it became an international carrier with the start of flights from Chennai to Colombo. It is part of the major Sahara India Pariwar business conglomerate. The uncertainty over the airline's fate has caused its share of the domestic Indian air transport market go down from approximately 11% in January 2006 to a reported 8.5% in April.
Proposed Jet Airways takeover and aftermath
Sify.comOn January 19
2006 Jet Airways announced that it was to buy Air Sahara for $500 million in an all-cash deal. Everything, including Sahara's assets and infrastructure would belong to Jet Airways. This deal would have been the biggest in India's aviation history and the resulting airline the country's largest, had it gone through.
Jet Airways management had planned to rename Air Sahara to "Trans Jet", with a separate corporate logo and livery.
The Indian Government had initially expressed its doubts on whether such a deal was legal, since no such deal had previously taken place in Indian Civil Aviation. However the Indian Civil Aviation Ministry ultimately gave approval in principle for the deal.
Market reaction to the deal was mixed, with many analysts suggesting that Jet Airways was paying too much for Air Sahara. The deadline for the deal to be completed was
June 21, 2006, but in the days before this, the chances of the takeover being completed began to look shakier. Jet Airways claimed that a final sticking point was the government's delay in giving Jet chairman Naresh Goyal approval to be appointed to the Air Sahara board. Air Sahara countered that Jet Airways had engineered this impasse by delaying the request for such approval, as a way of extricating themselves from a deal they now regretted. Jet was said to be willing to go ahead with the deal only if the originally agreed price was lowered by 20-25% on the basis of Sahara's mounting debts, an option which was firmly rejected by Air Sahara. Finally both sides confirmed that the deal was off.
Following the failure of the deal, the companies have now filed lawsuits seeking damages from each other BBC News
The Bombay High Court on Friday 22 September allowed Jet Airways to withdraw Rs 1,500 crore deposited by it for acquiring rival Air Sahara. "Jet will have the right to withdraw Rs 1,500 crore against bank guarantee of the same amount," Justice D K Deshmukh said in his order. The amount in the escrow account will go to Jet and the interest will go to Air Sahara. However, the escrow account formalities will be decided by an arbitration tribunal. Arbitration is to begin on 9 October 2006.
Buyout by Jet Airways
On April, 12th
2007 Jet Airways agreed to buy out its smaller rival Air Sahara for 14.5 billion rupees ($340m). The deal will give the airline a combined domestic market share of about 32%. Jet's attempt to buy Air Sahara last year collapsed but the company has said the new deal has been reached amicably. Both airlines also fly to international destinations and their operations and re-structuring will be merged. Jet Airways, founded by London-based former travel agent Naresh Goyal, controls about 24.5% of the Indian domestic aviation market. Air Sahara, owned by reclusive businessman Subroto Roy, controls about 7%.
On April 16th Jet Airways announced that Air Sahara will be renamed as Jetlite. Jet renames Air Sahara 'Jetlite'
Rediff.com, April 16 2007
On April 20th Jet Airways paid Rs. 400 cr to officially take over Air Sahara.
Incidents and Accidents
An instructor and 3 trainee pilots were killed when a trainee Boeing 737-400 aircraft crashed into the International Terminal Apron of the
Indira Gandhi International Airport on 8 March 1994. Two Aeroflot employees, a Russian ground engineer and an airport worker were also killed on the ground. http://aviation-safety.net/database/record.php?id=19940308-0
Destinations
Air Sahara operates the following services (as of January 2007):
- Domestic scheduled destinations: New Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Andhra Pradesh, Ahmedabad, Visakhapatnam, Kolkata, Cochin, Coimbatore, Pune, Goa, Lucknow, Patna, Indore, Bhopal, Srinagar, Guwahati,Dibrugarh, Port Blair, Jammu, Nagpur, Bhubaneshwar.
- International scheduled destinations: Colombo, Kathmandu, Kuala Lumpur, Maldives, Singapore.
- Helicopter charter services are operated between Delhi and Mumbai.
- Flights to Bangkok, Hong Kong, and Seoul are planned.
- Air Sahara also code shares a Delhi-Chicago international route with American Airlines.
Fleet
The Jetlite fleet includes the following aircraft (at August 2007) Air Sahara Website - Fleet :
- 2 Boeing 737
- 3 Boeing 737
- 6 Boeing 737
- 7 Boeing 737 (further 10 on order) (deliveries are scheduled to begin in 2009 and will continue till 2010.
- 3 Bombardier Canadair Regional Jet (9 on order)
- 4 Bombardier Canadair Regional Jet (11 on order)
Jetlite average fleet age is 6.5 years old in June 2006 Air Sahara Fleet Age.
Air Sahara also operates Helicopters on non-scheduled routes.
Following approval to begin long-haul services to London, Air Sahara had considered acquiring three
Boeing 777-200ER aircraft from Singapore Airlines. Airliner World April 2005 issue
Air Sahara recently sold 2 Boeing 737-700 aircraft to
Southwest Airlines
See also
External links
- JetLite - official website
- Jet Airways Purchases Air Sahara
- Air Sahara Boeing Fleet Detail
- Air Sahara now enters US market
References
http://www.agarwaltoday.com/jul062.html Naresh Goyal files a suit of 500 cr da:JetLitede:JetLitefr:Jet Litehi:सहारा एयरलाइंसid:Air Saharanl:Air Sahara
pt:Air Saharasv:Air Sahara
{{Infobox_Airline |airline=Air Sahara / Jet Lite
एअर सहारा |logo =Jetlite_logo.JPG |logo_size=206px|fleet_size=28|destinations=34|IATA=S2|ICAO=RSH|callsign=JET LITE|parent=Jetair|key_people= [Subrata Roy (founder and owner), Alok Sharma(President), Naresh Goyal (Owner, Jetair)]|focus_cities=Chhatrapati Shivaji International Airport
Chennai International AirportBegumpet AirportNetaji Subhash Chandra Bose International Airport
HAL Bangalore International Airport:एअर सहारा), is an [airline based in
New Delhi,
India. It is a privately owned airline operating scheduled services connecting metropolitan centres in India. The airline also provides helicopters which are available for charter services and aerial photography. Its main base is Indira Gandhi International Airport, New Delhi, with hubs at
Begumpet Airport, Hyderabad, India, Chatrapati Shivaji International Airport,
Mumbai, Chennai International Airport, Chennai and
Netaji Subhash Chandra Bose International Airport,
Kolkata.
History
The airline was established on 20 September 1991 and began operations on 3 December 1993 with two
Boeing 737#737-200 aircraft as Sahara Airlines. Initially services were primarily concentrated in the northern sectors of India, keeping Delhi as its base, and then operations were extended to cover all the country. Sahara Airlines was rebranded as Air Sahara on 2 October
2000, although Sahara Airlines remains the carrier's registered name. On
22 March 2004 it became an international carrier with the start of flights from
Chennai to
Colombo. It is part of the major
Sahara India Pariwar business conglomerate. The uncertainty over the airline's fate has caused its share of the domestic Indian air transport market go down from approximately 11% in January 2006 to a reported 8.5% in April.
Proposed Jet Airways takeover and aftermath
Sify.comOn
January 19 2006 Jet Airways announced that it was to buy Air Sahara for $500 million in an all-cash deal. Everything, including Sahara's assets and infrastructure would belong to Jet Airways. This deal would have been the biggest in India's aviation history and the resulting airline the country's largest, had it gone through.
Jet Airways management had planned to rename Air Sahara to "Trans Jet", with a separate corporate logo and livery.
The Indian Government had initially expressed its doubts on whether such a deal was legal, since no such deal had previously taken place in Indian Civil Aviation. However the Indian Civil Aviation Ministry ultimately gave approval in principle for the deal.
Market reaction to the deal was mixed, with many analysts suggesting that Jet Airways was paying too much for Air Sahara. The deadline for the deal to be completed was
June 21, 2006, but in the days before this, the chances of the takeover being completed began to look shakier. Jet Airways claimed that a final sticking point was the government's delay in giving Jet chairman
Naresh Goyal approval to be appointed to the Air Sahara board. Air Sahara countered that Jet Airways had engineered this impasse by delaying the request for such approval, as a way of extricating themselves from a deal they now regretted. Jet was said to be willing to go ahead with the deal only if the originally agreed price was lowered by 20-25% on the basis of Sahara's mounting debts, an option which was firmly rejected by Air Sahara. Finally both sides confirmed that the deal was off.
Following the failure of the deal, the companies have now filed lawsuits seeking damages from each other BBC News
The Bombay High Court on Friday 22 September allowed Jet Airways to withdraw Rs 1,500 crore deposited by it for acquiring rival Air Sahara. "Jet will have the right to withdraw Rs 1,500 crore against bank guarantee of the same amount," Justice D K Deshmukh said in his order. The amount in the escrow account will go to Jet and the interest will go to Air Sahara. However, the escrow account formalities will be decided by an arbitration tribunal. Arbitration is to begin on 9 October 2006.
Buyout by Jet Airways
On
April, 12th
2007 Jet Airways agreed to buy out its smaller rival Air Sahara for 14.5 billion rupees ($340m). The deal will give the airline a combined domestic market share of about 32%. Jet's attempt to buy Air Sahara last year collapsed but the company has said the new deal has been reached amicably. Both airlines also fly to international destinations and their operations and re-structuring will be merged. Jet Airways, founded by London-based former travel agent Naresh Goyal, controls about 24.5% of the Indian domestic aviation market. Air Sahara, owned by reclusive businessman Subroto Roy, controls about 7%.
On
April 16th Jet Airways announced that Air Sahara will be renamed as Jetlite. Jet renames Air Sahara 'Jetlite'
Rediff.com, April 16 2007
On
April 20th Jet Airways paid Rs. 400 cr to officially take over Air Sahara.
Incidents and Accidents
An instructor and 3 trainee pilots were killed when a trainee
Boeing 737-400 aircraft crashed into the International Terminal Apron of the Indira Gandhi International Airport on 8 March 1994. Two Aeroflot employees, a Russian ground engineer and an airport worker were also killed on the ground. http://aviation-safety.net/database/record.php?id=19940308-0
Destinations
Air Sahara operates the following services (as of January 2007):
- Domestic scheduled destinations: New Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Andhra Pradesh, Ahmedabad, Visakhapatnam, Kolkata, Cochin, Coimbatore, Pune, Goa, Lucknow, Patna, Indore, Bhopal, Srinagar, Guwahati,Dibrugarh, Port Blair, Jammu, Nagpur, Bhubaneshwar.
- International scheduled destinations: Colombo, Kathmandu, Kuala Lumpur, Maldives, Singapore.
- Helicopter charter services are operated between Delhi and Mumbai.
- Flights to Bangkok, Hong Kong, and Seoul are planned.
- Air Sahara also code shares a Delhi-Chicago international route with American Airlines.
Fleet
The Jetlite fleet includes the following aircraft (at August 2007) Air Sahara Website - Fleet :
- 2 Boeing 737
- 3 Boeing 737
- 6 Boeing 737
- 7 Boeing 737 (further 10 on order) (deliveries are scheduled to begin in 2009 and will continue till 2010.
- 3 Bombardier Canadair Regional Jet (9 on order)
- 4 Bombardier Canadair Regional Jet (11 on order)
Jetlite average fleet age is 6.5 years old in June 2006 Air Sahara Fleet Age.
Air Sahara also operates Helicopters on non-scheduled routes.
Following approval to begin long-haul services to London, Air Sahara had considered acquiring three Boeing 777-200ER aircraft from Singapore Airlines. Airliner World April 2005 issue
Air Sahara recently sold 2 Boeing 737-700 aircraft to
Southwest Airlines
See also
External links
- JetLite - official website
- Jet Airways Purchases Air Sahara
- Air Sahara Boeing Fleet Detail
- Air Sahara now enters US market
References
http://www.agarwaltoday.com/jul062.html Naresh Goyal files a suit of 500 cr da:JetLitede:JetLite
fr:Jet Litehi:सहारा एयरलाइंसid:Air Saharanl:Air Saharapt:Air Saharasv:Air Sahara
Jet Lite - Wikipedia, the free encyclopedia
JetLite, formerly Air Sahara, is an airline based in New Delhi, India. [1] Controlled by Jet Airways, the airline operates scheduled services connecting metropolitan centres in ...
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