Jet Airways is planning to cut one of its low-fare brands— JetLite and JetKonnect — within the next two months. Jet acquired JetLite from the Sahara Group in 2007, then called Air Sahara. But the acquisition got into a legal tangle. A high court ruling in May upheld that the value of the takeover deal was Rs1,450 crore as against Sahara’s claim of Rs2,000 crore. Jet is now free to consider a sale and leaseback option as well a merger for JetLite. JetLite has a fleet of 18 aircraft, all of which are leased. Jet Airways has a standalone fleet

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