Airlines Deals

Jet Airways clarified its position yesterday in relation to the current controversy surroundings its deal with Sahara.

Despite this, some sections of the media have carried an impression that Jet Airways “blames” the Government for the lapsing of the deal.

Jet Airways maintains that there is no question of any “blame”.

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

The deal was based on some assumptions – which were in turn made conditions precedent. Since they did not materialize, the deal lapsed. In such a situation, there is no occasion to “blame” anyone or any agency.

Jet Airways reiterates that the reform of the civil aviation sector has been relatively fast-paced and has never had any reason to complain about any government policy.