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Authors
Affiliations
1 Financial Research Firm, Bangalore, IN
2 Finance and Economics, Indian Business Academy, Bangalore, IN
Source
Indira Management Review, Vol 3, No 1 (2009), Pagination: 48-53
Abstract
Jet Airways' (Jet) announcement of its acquisition of Air Sahara in April 2007 signaled the end of the saga that had stretched for more than a year ever since Jet made its first offer in January 2006. This move sets the stage for the further consolidation in airline industry in India. Ever since open sky policy came into effect in 1993, the industry has seen a number of entries and exits. Long dominated by government sector monopoly, the industry is now in the phase of consolidation. Jet's acquisition of Air Sahara is one such example of this trend. The case chronicles the acquisition process and the in the process examines the changing structure of the industry, financial implications and how mergers and acquisitions will impact the industry and consumers
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