Ques: 02 September, 2015, it was announced t merge JetLite with its parent airlines Jet Airways. The Chairman of Jet Airways is-
a. Naresh Goyal
b. Naresh Trehan
c. Naresh Agarwal
d. Ratan Tata
Ans: a
Related facts:
- 02 September, 2015, Jet Airways’ board has approved the merger of its low-cost subsidiary JetLite with the parent airline.
- It is known that the Naresh Goyal-led airline had bought Sahara Airlines in April 2007 for Rs 1,450 crore after an arbitration award.
- It later renamed Sahara Airlines as JetLite and operated it as a low-cost arm till November last year.
- At present, Jet Airways and JetLite operate under two different Air Operator Permit (AOP).
- Consequent to the merger, JetLite will become part of Jet Airways and operate as a separate division of Jet Airways.
- Jet Airways had reported a consolidated net profit of Rs 226.4 crore for the first quarter ended June 30, helped by higher revenues and increase in passenger traffic.
Reference:
http://www.businesstoday.in/current/corporate/jet-airways-jetlite-to-merge/story/223369.html