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Aeronotix
8th May 2009, 06:38
News has it that Jet Airways has floated a new entity, Jet Konnect a low cost airline, this inspite of owning Jet-Lite which it bought from the Sahara Group. In times like these it just does not make business sense to float a new entity when the industry is bleeding. :rolleyes:

The only logic it fulfills is to insulate Jet-Lite from going down under in case the court delivers a negative judgement in the pending case of non payment of installments due to Sahara and attaching the assets of Jet-Lite, thereby grounding operations to a halt.

Goyal is trying to ensure business continuity by flanking a brand in the same space and model as Jet-Lite. Well Naresh Goyal is smart, but Subroto Roy seems the smarter Alec. Sold out at the right time!:D

Aeronotix

Left Wing
8th May 2009, 07:13
Jet Konnect---- sounds very German...Lufthansa involved by any chance ...