Jet Air-Kingfisher pact finally takes off

Mumbai: After an eight-month delay, the alliance between the country’s two largest private carriers, Jet Airways and Kingfisher Airlines, finally took off on July 1. “To start with, both the airlines have started sharing infrastructure at the domestic airports that include Delhi and Mumbai,” a senior Kingfisher Airlines official told ET on condition of anonymity. ( Watch )
Apart from infrastructure sharing at airports, the code sharing between the two airlines will start this month. “The infrastructure and code sharing will reduce Kingfisher’s operational costs by 20-30%,” added the official. According to an official at Jet, code sharing on domestic and international flights will start soon, apart from joint fuel management and network rationalisation. E-mails and text messages sent to spokespersons of both companies remained unanswered.
Last October, Vijay Mallya and Naresh Goyal signed an agreement to significantly rationalise capacity and reduce costs at a time when prices of jetfuel had hit record highs. Landing and parking charges are high in India. Besides, jetfuel prices have moved upwards in the last two months.
03/07/09 Mithun Roy/Economic Times

To Read the News in full at Source, Click the Headline

Categories: Jet Airways Jul 2009, Kingfisher Jul 2009