Air Sahara for sale, yet again

Bolstered by a revival in its fortunes last quarter, the promoters of Air Sahara are believed to be considering a sale of the airline once again. After parting ways with Jet Airways, the Sahara group has attempted to turn around the airline. The current quarter has shown a sharply improved performance and the Sahara group promoters believe that it will be a good time to scout around for buyers.

People close to the development said the promoters are convinced that the airline will have to be sold and that an in-principle decision has already been taken on the issue. The sale process has not yet begun and will commence formally only after the current quarter of profitable operations, they added.

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