• search
For Quick Alerts
For Daily Alerts

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.


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more