Today Vijay Malaya of Kingfisher Airlines and Naresh Goel of Jet Airlines has announced that they are going to work together and this will really help the end users and both the companies to sustain.
Unofficial sources say that they are losing about 10 crores rupees every day. According the agreement they will not compete with each other in the domestic sector. Kingfisher and Jet together has the 50% share of the Indian Domestic Airlines operations.
Its good for the service providers when they work together rather than going for cut throat competitions. Due to recent hike in fuel prices, most of airline companies are facing heavy lose in revenue. Hopefully this will help the companies to sustain and provide a better service to the end uses and the private airlines in India grow.
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[...] The aviation industry is going through tough time and running in heavy loss. Recently Jet and Kingfisher had come to an agreement to avoid competitions. Today Jet Airways terminated around 1000 employees who were on probation [...]