He took over as Chief of an Indian Airline -- Air Sahara. Sahara now being bought out. I am beginning to have second thoughts about Harvard Business School.
Indian airlines in $500m merger
Indian airline Jet Airways is to buy rival carrier Air Sahara in a deal worth $500m (£284m).
The takeover - the biggest in India's aviation history - will create the country's largest airline.
Jet Airways, which was founded by London-based former travel agent Naresh Goyal, controls about 35% of the Indian domestic airline market.
Analysts say the deal will help the company consolidate its position in the India's flourishing aviation market.
Air Sahara, owned by the reclusive businessman Subrata Roy, controls about 17% of India's market, analysts say.
International routes
The BBC's Monica Chadha in Mumbai (Bombay) said the takeover, subject to approvals from the government, would allow Jet Airways to use Air Sahara's fleet, air routes and traffic.
"What we are really getting is parking slots, airport facilities, infrastructure and the fleet. We will also absorb the pilots [since] we have a shortage of pilots, and cabin crew based on merit," Mr Goyal told reporters.
The deal could also mean more international routes for the airline, as Jet Airways and Air Sahara were the only two private Indian carriers who were permitted to fly overseas.
Mr Goyal said there were no plans of converting Air Sahara into a low cost carrier.
India began to open up its domestic airline market - previously dominated by state-run carrier Indian Airlines - in the 1990s. Jet has 42 aircraft and runs 271 scheduled flights daily within India. It recently won government permission to fly to London, Singapore and Kuala Lumpur.
Indian airlines in $500m merger
Indian airline Jet Airways is to buy rival carrier Air Sahara in a deal worth $500m (£284m).
The takeover - the biggest in India's aviation history - will create the country's largest airline.
Jet Airways, which was founded by London-based former travel agent Naresh Goyal, controls about 35% of the Indian domestic airline market.
Analysts say the deal will help the company consolidate its position in the India's flourishing aviation market.
Air Sahara, owned by the reclusive businessman Subrata Roy, controls about 17% of India's market, analysts say.
International routes
The BBC's Monica Chadha in Mumbai (Bombay) said the takeover, subject to approvals from the government, would allow Jet Airways to use Air Sahara's fleet, air routes and traffic.
"What we are really getting is parking slots, airport facilities, infrastructure and the fleet. We will also absorb the pilots [since] we have a shortage of pilots, and cabin crew based on merit," Mr Goyal told reporters.
The deal could also mean more international routes for the airline, as Jet Airways and Air Sahara were the only two private Indian carriers who were permitted to fly overseas.
Mr Goyal said there were no plans of converting Air Sahara into a low cost carrier.
India began to open up its domestic airline market - previously dominated by state-run carrier Indian Airlines - in the 1990s. Jet has 42 aircraft and runs 271 scheduled flights daily within India. It recently won government permission to fly to London, Singapore and Kuala Lumpur.
