JetLite to merge with Jet Airways

In a move aimed at creating a strong masterbrand, Naresh Goyal-chaired Jet Airways has decided to merge JetLite (India) with itself.

“The boards of directors of Jet Airways (India) and JetLite (India) — the wholly-owned subsidiary of Jet Airways, approved the merger of JetLite with Jet Airways. This is subject to compliance with all applicable laws and regulations, and the receipt of all corporate, regulatory, governmental, judicial approvals and third party consents,” Jet Airways said.

The approval by the boards of directors’ follows the earlier decision taken by Jet Airways to streamline and align its domestic operations, creating a strong, uniform Jet Airways masterbrand and implementing a consistent, full-service, single-brand strategy across the entire domestic airline operation.
DH News Service