Jet Airways selected GE's engines after an in-depth technical and economic evaluation of the available options.
"Naresh Goyal" is an Indian businessman and founder Chairman of Jet Airways. He started operating Jet Airways in 1993. Following the 2005 Initial Public Offering/IPO of Jet Airways, Forbes magazine declared him the sixteenth richest person in India with a net worth of $1.9 billion.
He has over twenty-six years of experience in the civil aviation sector. Under his leadership, Jet Airways has emerged as one of India's most preferred airlines. Following the bad times in the airline industry in the second half of 2008, Naresh Goyal joined hands with his prominent rival Vijay Mallya/Vijay Mallya's Kingfisher Airlines in October 2008, entering into an agreement that would rationalise the operation of routes, sharing of codes, prices and availability, fuel management and ground handling, thus making Airindia not only the largest market player, but also enabling both the airlines that would otherwise head for a collapse to economize and save. The Competition Commission of India has launched an inquiry if this arrangement is anti-competitive.
More Naresh Goyal on Wikipedia.There is no problem about the deal. I have got information today that we have received the approval from the Department of Company Affairs. We are completing necessary formalities of the acquisition.
The deal is very good for business, very good for our shareholders, very good for the industry and overall it will prove that in India things can be done better than anywhere in the world.
The meeting is continuing. We have time till midnight.
Jet Airways has selected GE's CF6-80E1 engines after an in-depth technical and economic evaluation of the available options.
Once the government approves the deal, the two airlines will be merged and continue their operations as Jet Airways.
In coming months, we will be working towards successfully integrating Air Sahara operations into our own.
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