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Jet-Sahara deal likely by weekend
By agencies
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Wednesday, 18 January 2006, 20:30 IST
NEW DELHI: The buyout of Air Sahara by Jet Airways is likely to be concluded by this weekend, provided the two sides can resolve some glitches that have cropped up along the way.
According to sources, The buyout move is at an advanced stage. It is possible that a decision is reached before the board meeting of Jet Airways although the item is not listed. The Jet board is scheduled to meet on January 21 and lawyers from both sides are holding hectic parleys to seal the deal, they added.
One of the hitches in the buyout negotiations is said to be indications from Government sources that any sale would not mean an automatic transfer of flying rights.
Meanwhile, talking to mediapersons, the Chairman of Jet Airways, Naresh Goyal said that the two airlines were in talks. However, he added that the deal would be finalized only if it was found to be beneficial for shareholders.