Sunday, August 06, 2006

It's the best time to fly high in India

Mumbai: Six more low-budget airlines are planning to enter the aviation sector, setting the stage for a price war in the skies. On Friday, IndiGo made its entry, with plans to induct 100 aircraft. Waiting in the wings are six new players - Jagson Airlines, King Air, Mega Airways, Indus Air and Megapode Airline.
According to analysts, airfares will continue to nosedive as nearly 200 new aircraft will be added to the existing 250 aircraft. Today, nearly 80,000 seats are being offered every day by all airlines catering to the domestic sector and an equal number of seats are likely to be added in the next two years.
Undeterred by the rising number of players entering the field, Air Deccan, the pioneer in the low-cost sector, is bullish about the future. Equally bullish is Spice Jet's CEO Ajay Singh. Kingfisher Airlines, currently operating 97 daily departures, plans to enhance the number to 175 in 10 months.Similarly Go Air, with a fleet of three aircraft, has plans to make it 33 by 2008.
06/08/06 Lalatendu Mishra/Hindustan Times