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About
JetLite is a low-cost subsidiary airline of Jet Airways.
JetLite was formerly known as Air Sahara until the airline was bought out by Jet Airways and was then rebranded as JetLite. On 16 April Jet Airways announced that Air Sahara will be renamed as Jetlite.
JetLite had a buy on board service called JetCafe, which offered food for purchase in Economy while free meals were served in Business Class. As of February 2017, JetLite's fleet size is 8 aircraft and flies to 22 destinations.
JetLite was established in September 1991 and began operations in December 1993 as Sahara Airlines. Sahara Airlines was rebranded as Air Sahara in October 2000 and in 2004 became an international carrier with the start of flights from Chennai to Colombo, later expanding to London, Singapore, Maldives and Kathmandu.
In 1 December 2014 JetKonnect was integrated into Jet Airways ending its own operations, and now flies for them under code share, using its own Air Operators Certificate and flight code S2 till merger of the two companies is completed after approval. The aircraft fleet is also progressively being repainted in Jet Airways livery.
Fleet
Boeing 737-700 and Boeing 737-800s.
News
14th May 2018
Govt denies approval for Jet Airways-Jet Lite merger
The merger proposal was approved by the board of Jet Airways in September 2015 and was later cleared by the airline's shareholders in April 2016.
Jet Airways today said the government has not given approval for the merger of its subsidiary Jet Lite with itself, nearly three years after the proposal was announced by the full service carrier.
The merger proposal was approved by the board of Jet Airways in September 2015 and was later cleared by the airline's shareholders in April 2016.
In a BSE filing, the airline said the civil aviation ministry has not approved the merger of Jet Lite Ltd with itself. Consequently, the merger scheme stands revoked and cancelled, it added.
"Jet Lite (India) Ltd and Jet Airways (India) Ltd shall continue their respective operations as two separate legal entities with their respective Air Operator Certificates," the filing said.
The specific reasons for the rejection of approval for the merger could not be immediately ascertained.
Sahara Airlines was renamed as Jet Lite.
A Jet Airways spokesperson said it respects the decision of the ministry on the proposed scheme of merger.
In April 2007, Jet Airways had acquired Sahara Airlines for Rs 1,450 crore after an arbitration award and the latter was renamed as JetLite.
The merger would lead to greater efficiency in cash management of the merged entity and "unfettered access to cash flow generated by the combined business which can be deployed more efficiently to maximise shareholder value", the airline had said in April 2016.
Shares of Jet Airways declined 2.36 percent to close at Rs 499.80 apiece on the BSE.
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