Jet Airways reportedly has reached a new agreement to acquire Air Sahara, reviving a merger that was called off last June. Neither carrier confirmed the deal yesterday, but widespread media reports in India claimed the acquisition's terms had been agreed by both. The purchase price reportedly will be between $325 million and $400 million, lower than the $500 million originally agreed to early last year and that Jet ultimately deemed too high (ATWOnline, June 23, 2006). Confirmation of the ...
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