New Delhi:Air Sahara has brought its market share close to double digits, recovering from the slide it suffered after the Rs 2,300-crore takeover by Jet Airways failed. The airline is now raising debt for funding its expansion plans, sources said.
Having recovered from the Jet shock, Air Sahara has now grown in confidence to prop up Indus Air.
It is understood that the two airlines are in talks to utilise the pilots, engineers and maintenance facilities of Air Sahara for the Indus Air fleet. Both companies were tight-lipped on the strategic alliance but sources confirmed talks were in advanced stages.
The Sahara Group airline used CRJ aircraft of Bombardier which Indus Air also plans to deploy. It is understood that Indus Air has leased one CRJ and is in the process of getting one more soon.
24/11/06 Sunny Verma & G Ganapathy Subramaniam/Economic Times
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Friday, November 24, 2006
Air Sahara back with a bang, to support Indus Air
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