Two is company

How the two mega airline deals stack up*

When Jet bought air Sahara in April 2007

The Deal: Jet Airways paid Rs 1,450 cr to buy the entire airline, in addition to Rs 600 cr paid earlier by Jet as advances and interest

Enterprise value of Air Sahara: Rs 2,050 crore

Market Share of Air Sahara (now Jet Lite): 8%

Fleet with Air Sahara: 27

Combined market share: 33%

When Kingfisher bought Air Deccan in May 2007

The Deal: Vijay Mallya paid Rs 550 cr to acquire a 26% equity in Deccan. Subsequently, he paid an additional Rs 418 cr for a further 20% stake through an open offer

Enterprise value: Rs 2,115 cr when Mallya acquired 26%

Market Share of Air Deccan: 18%

Fleet with Air Deccan: 43

Combined market share: 29%

*The figures give the positions of the carriers at the time when the deals were signed 
 

Airline	Market share (%)	Fleet	Orders	Revenues (Rs cr)	Net profit / Loss (Rs cr)
Jet Airways	22.2	75	44	7400	28
Jetlite	7.7	24	10	"�	"�
Combined	29.9	99	54
Kingfisher	13.6	36	121	1533	-577
Deccan	15.2	44	68	2142	-420
Combined	28.8	80	189	3675	-997
Revenue figure for 2006-07,   Market share as of Nov 2007