The first takeover make an effort was created by Jet Airways on 19 January 2006, when Aircraft offered US$500 million in cash for acquiring Air Sahara. The news headlines was received with blended emotions amongst the investors on the market and experts even recommended that Jet possessed overvalued Sahara. Regardless of getting a just do it from the Indian Civil Aviation Ministry, the offer fell apart credited to disagreement on the purchase price. Lawsuits were filed by both the companies seeking damages from one another. The second try out was made on 12th Apr, 2007 and this time Aircraft Airways managed to buy Air Sahara for Rs. 1450 Crores. This merger proclaimed the start of consolidation in the Indian Aviation sector.