Jet Airways has received its shareholders’ approval for the merger of its low-cost subsidiary JetLite with itself on April 23. The merger is part of Jet Airways’ game plan to exit the low-cost segment.
The proposal for the merger was placed in September last year for which the company had sought directions from the court. The High Court had directed to convene the equity shareholders’ meet on April 22 to discuss the merger.
Jet Airways is India’s premier international airline operating flights to 73 destinations, including 51 in India and 22 across the world. Jet Airways’ robust domestic network in India spans the length and breadth of the country covering metro cities, state capitals and emerging destinations.
