Jet Airways eyes competitors' assets

Kolkata: Jet Airways will be scouting for US-style takeovers when Indian carriers hit the airpocket. With several airline chiefs forecasting turbulent skies in the next couple of years, Jet Airways chief executive officer Wolfgang Prock-Schauer said the carrier would scout for opportunities to acquire airline assets if the fleets had logistics synergy.
The Indian aviation industry is set for consolidation within the next couple of years. That can happen in two ways: sale of airlines, lock stock and barrel; and sale of asset like aircraft, pilots and engineers. We will participate if there is an opportunity to pick up assets. That's how consolidation happens in the US, the Jet Airways chief said.
Still smarting from the failed Air Sahara takeover bid, Wolfgang made it clear that Jet Airways would steer clear of picking up an airline.
The Jet Airways chief's sentiment on turbulence in the skies are in sync with what Air India chairman & MD V Thulasidas and Air Sahara president have forecast as well.
07/11/06 Subhro Niyogi/Times of India

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