New Delhi: After all the initial hiccups, the Jet Airways-Air Sahara deal may finally take off. Jet Airways has confirmed that the deal is on track and the merger is likely to take place by March end.
Jet Airways has also raised Rs 400 million from ICICI and IDFC banks for aircraft pre-payments.
The Left has, meanwhile, demanded a probe into the merger of the two airlines, saying that it was not handled in a transparent manner.
Civil Aviation Minister Praful Patel has, however, maintained that there was no formal application from the aviation firms for the merger of Jet and Sahara airlines.
Demanding a probe into the alleged merger of the two airlines, CPI(M) member Nilotapal Basu said in the Rajya Sabha that the proposed deal has been executed in an opaque manner.
Patel said talks were on for the sharing of infrastructure like hangar space between the two airlines.
The CPI(M) had earlier also demanded an inquiry into the Jet-Sahara merger, questioning the provision to award Sahara's entitlements to the Jet Airways. The party would oppose the deal, Basu said.
Entitlements to airport infrastructure were awarded to an entity, but if the entity (Sahara) ceased to exist, entitlements couldn't be transferred, Basu had said. CPI(M) also wanted to know how Jet Airways got the money to effect a merger with Sahara.
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