The muti-million dollar deal for takeover of Air Sahara by India's largest private airline Jet Airways broke down late Wednesday night.
Jet to raise $400m and add 20 new aircraft for expansion.
Air Sahara on Tuesday announced a 10 per cent fare hike with effect from June 21 following an increase in the aviation turbine fuel price.
In an apparent bid to thwart other airlines from poaching on its employees, priave carrier Air Sahara on Tuesday announced its new human resources policy offering a 40 per cent salary hike to employees.
Ernst and Young, advisers to Air Sahara, had valued Air Sahara at between $750 million and $1 billion.
Kingfisher Airlines chief Vijay Mallya on Saturday said the company would make a bid to buyout the entire stake in Air Sahara.
Taking Jet Airways head on in the renewed fare war, Air Sahara on Monday launched 'Steal Fares' scheme which would be lower than the normal fares subject to their availability on select routes and flights.
Air Sahara on Tuesday announced it had launched 16 new flights last week and was planning more with the induction of two additional 50-seater aircraft and two Boeings in the next few weeks.\n\n
Air Sahara on Monday said it is in talks with upcoming low-cost carrier Indus Air, promoted by Kapil Mohan of Mohan Meakins Group.
Amid speculation about Air Sahara selling its equity to raise funds for its expansion plans, liquor baron and owner of Kingfisher Airline Vijay Mallya
Air Sahara has decided to operate flights to Andaman and Nicobar islands from September.
Private carrier Air Sahara, has cancelled all its flights between Mumbai and Chennai till December 5 due to 'operational reasons'.
In its bid to attract more air travellers, Air Sahara on Wednesday launched a new scheme linked with its bulk ticketing programmes like 'Sixer' and 'Square Drive' to encourage families to travel with frequent fliers.
To provide seamless travel between India and the UK, Air Sahara and British Airways on Thursday entered into a pact to synchronise flight schedules, launch joint fare products and decided to explore ways to have a codeshare agreement in the future.
Air Sahara on Thursday announced its plans to fly daily services between Delhi and London from September-October this year and operate two Boeing-777s on this route.
Private carrier Air Sahara is likely to soon shortlist two or three most attractive offers it has received on equity participation to raise $100 million for their expansion plans. \n
No deal has been signed between Air Sahara and Jet Airways, but discussions are on for a strategic alliance between the two private carriers.
Air Sahara on Friday announced the induction of 50-seater regional jet planes into its fleet as part of plans to spread its network into small towns and cities of the country.\n\n\n\n
Rono J Dutta, former chief of the world's biggest carrier United Airlines, has taken over as president of Air Sahara in place of Uttam Kumar Bose.
Private airline Air Sahara on Wednesday launched a credit card with Standard Chartered Bank as part of efforts to improve passenger traffic and boost revenues.
The sales and ground handling agents of Air Sahara are up in arms against the management of Jet Airways
A day after government decided to restrict the number of ground handling agencies in six major airports, full-frill private carriers Air Sahara and Jet Airways asked the government on Friday to let them continue providing these services.
About eight bidders are in the race to pick up stake in major private carrier Air Sahara, which has kept "all options open", including selling equity or strategic partnership, to fund its expansion plans.\n\n
In a move expected to promote tourism and give a boost to the economy of militancy-ravaged Jammu and Kashmir, Air Sahara will begin its daily operations between Delhi and Srinagar on Wednesday.
Toeing the line taken by its competitors, including Indian Airlines, Air Sahara on Tuesday announced the launch of fare buckets while doing away with its advance purchase schemes, claiming that the new system would lower airfares by 20 to 70 per cent
Hours after Jet Airways closed the deal to acquire Air Sahara, the Lucknow-based airline's president Alok Sharma quit his post but said he would continue to facilitate its smooth transition to 'Jetlite'.
In the biggest aviation takeover in India, Jet Airways has struck a deal to buy Sahara Airlines for Rs 2,300 crore (Rs 23 billion), a move that would help Naresh Goyal promoted carrier to become the biggest domestic carrier.
Air Sahara has introduced new direct and connecting flights from Mumbai, Delhi and Lucknow to various destinations across India.
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