India’s loss-making airlines forge alliance
NEW DELHI: Two of India’s biggest business rivals — Jet Airways owner Naresh Goyal and Kingfisher chief Vijay Mallya have agreed a pact aimed at the survival of the loss-making airlines they control.
Times of India reports that the two aviation czars are forming an operational alliance that will command nearly 50% market share of the domestic skies.
The deal may ultimately lead to a consolidation once one of the players has access to funds to buy out the other, says the Times.
The alliance is expected to trim losses being suffered by both carrier and will embrace code-share agreements, route rationalization and shared services.
Kingfisher has been forced to drastically cut down on its owner’s ambitious international expansion and trim aircraft orders.
Aviation minister Praful Patel said with huge losses and no early sign of recovery from the current turmoil the “writing was on wall” for a Jet-Kingfisher alliance.
Ian Jarrett
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025