Indian Government Blocks Merger of Jet Airways and JetLite
The Indian government has formally rejected the proposed merger of Jet Airways and JetLite, its regional low-cost subsidiary. The decision comes three years after the airline’s board approved the merger. In a filing to the Bombay Stock Exchange, Vice President of Global Compliance and Company Secretary Kuldeep Sharma said that “JetLite (India) Ltd. and Jet […]
