Jet-Sahara deadlock continues

The top management of Jet has been busy in deliberations for the past few days to work out a strategy to tide over this crisis. Jet8217;s executive director Saroj Datta had said that both airlines would meet before March 24 to decide the future course of action.

When contacted, Datta however said that he was not aware of any meeting to be held tomorrow.

There had been intense speculation that Jet would back out or renegotiate the deal if the airline did not get access to all of Air Sahara8217;s infrastructure and flying rights. Officially Jet has been vehement in denying any plans to back out. 8216;8216;The deal is on and is taking its normal course of time,8217;8217; Datta had said.

The other problem that the two airlines have to circumvent is on the Rs 2,000 crore escrow a/c. The account is set to expire on March 24, but it seems difficult that the airlines would get a clearance from DGCA before March 24.

The DGCA has already forwarded the proposal to change the Air Sahara board to the Home Ministry for clearance.