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Govt not to blame, says Jet on lapsed Sahara deal

By Super
|

Mumbai, June 29: Jet Airways, whose acquisition plan to buy Air Sahara fell flat, has said neither the government nor any agency was to blame for the same.

A Jet Airways release here said it was making this clear since some sections of the media had carried an impression that Jet Airways ''blamed'' the government for the lapsing of the deal.

''Jet Airways maintains that there is no question of any blame,'' the release said.

The reform of the civil aviation sector has been relatively fast-paced and has never had any reason to complain about any government policy or to ''blame'' anyone or any agency, the release said.

''The deal was based on some assumptions which were in turn made conditions-precedent. Since they did not materialise, the deal lapsed,'' the release said.

''Commercial deals are fashioned to respond to events, and they have to be factored in as commercial risks. Government policy, in evolving markets, is always a recognised commercial consideration and is generally dealt with in large commercial deals,'' it added.

In such a situation, there is no occasion to ''blame'' anyone or any agency, the release said.

UNI

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