The Hindu Business Line : Air Sahara in the process of finding `suitable' partner

SAHARA India Pariwar said on Wednesday that it was in the process of finding a suitable "private equity" investor and/or a strategic partner to fund Air Sahara's expansion programme. Air Sahara is currently wholly owned by Sahara India Pariwar.

"As stated earlier, we are in the process of finding a suitable private equity investor and / or a strategic partner to fund the airline's expansion programme. We have not concluded on any negotiations or finalised any particular deal yet.

"As on date all options on the future funding and strategic alliance is open.

"We are also looking for merger/acquisition opportunity with other airlines," a statement issued by Sahara India Pariwar said.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
DoT withdraws services of 1,300 ITS officers

Air Sahara in the process of finding `suitable' partner

Cisco Systems to invest $1 b in India

Rich Indians lap up big-ticket brands

Wipro posts 16 pc rise in Q2 net — Revenues for the quarter beat guidance

Wipro to hike wages; margins may be hit

Datawarehousing — Teradata eyes banking sector

Draft policy on urban housing for wider resource pool — Housing finance cos may get to tap PFs, insurers

Sensex falls 151 on FII outflow fears — Bearish sentiment across global equity markets