Jet's pact with Kingfisher yet to gather pace: Goyal

Mumbai: Jet Airways Chairman Naresh Goyal said the strategic alliance forged almost a year ago between his company and Kingfisher Airlines has still not achieved tangible progress.
“I can’t really tell you when it (strategic alliance) would be fully operational. We have been discussing, but nothing much has been done yet,” Goyal told reporters on the sidelines of a function here.
Goyal-owned private air-carrier, Jet Airways, and Vijay Mallya-promoted Kingfisher Airlines had sealed a strategic alliance in October last year with a view to curtail costs after crude prices had shot up astronomically.
Naresh GoyalGoyal, however, said the two partners have taken certain steps to synergise their operations.
“We have done certain things. We are co-operating in engineering and (sharing) some other facilities in order to improve our bottom lines. We have been looking at how we can improve our cost structures, especially in engineering,” he said.
Goyal also advocated a 20-25 per cent increase in fares across the board to bridge the gap between input costs and revenue.
03/09/09 Press Trust Of India/Business Standard

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Categories: Jet Airways Sep 2009, Kingfisher Sep 2009