Just be aware that Air Sahara is publicly looking for a financial helping hand. Jet Airways has on record denied that it is interested in helping out while KingFisher (whose promoter has equally deep pockets) yesterday confirmed that he is reeady to help.
KF is an A320 operator while Air Sahara has 737s/CRJs. But more importantly most of the major routes KF operates are also major routes of Sahara. May not mean much as I guess KFs interest is mainly getting the international route rights Sahara has, but still........