Jet Airways Saturday announced it had won shareholders' approval for the Jet Airways-JetLite merger. According to the airline, the merger would result in greater efficiency from the merged entity. In a regulatory filing, Jet Airways said: "The equity shareholders of the company have approved the scheme of merger between JetLite (India) and Jet Airways (India) and their respective shareholders and creditors." The Bombay High Court April 18 had directed the airline to hold a meeting of shareholders to "consider" the proposal of the merger of JetLite and Jet Airways. The airline was also quoted as saying: "The merger would lead to unfettered access to cash flow generated by the combined business, which can be deployed more effectively to maximise shareholders value." <br/>