Sunday, June 25, 2006

GoAir offers to buy Air Sahara

Wadias' low cost airline GoAir has offered to buy Air Sahara if the price is `right.'
"We are open to it (acquisition) if the price is right," the GoAir Managing Director, Mr Jeh Wadia, told Business Line. He, however, said that Air Sahara had not approached the airline yet. "It is too early for them to talk to anybody," he said.
Mr Wadia, however, did not reveal the amount the airline was willing to pay.
"As we have not carried out due diligence of Air Sahara, we will not be able to talk about the price we are willing to offer," Mr Wadia said.
Jet Airways had inked a deal with Air Sahara to buy the airline for $500 million (Rs 2,309 crore) before the deal fell through early this week.
24/06/06 The Hindu Business Line/Moneycontrol.com