Source: Hueiyen News Service / From Agencies
Jamnagar, December 29 2008:
INDIA'S AVIATION Minister Praful Patel on Sunday said that all the domestic airliners including the national carrier were set to reduce fares after aviation fuel became cheaper.
All airlines companies increased their fares due to sharp and continuous rise in aviation turbine fuel prices earlier in the year.
The country s leading private air-carrier, Kingfisher Airlines, has said that it would effect fare cut across its network from January 1 .
Kingfisher Airlines will begin the New Year on an aggressive note by slashing fares on its network, Kingfisher Airlines Chairman Vijaya Mallya said in a statement.
A day after Kingfisher Airlines announced a fare cut, national carrier Air India Monday announced a similar fare reduction from Jan 1 .
"In view of the slackening demand in post-peak...
season and continued decline in fuel prices, Air India will be adjusting domestic fares downwards on various sectors shortly," an Air India spokesperson said here.
The spokesperson, however, did not divulge the quantum of fare cut, saying it was still being worked out.
"We would be able to come with reduced fares by January 1," he told media.
Private air carrier Kingfisher Airlines Sunday said it would cut fares from the new year.
Kingfisher chairman Vijaya Mallya said in a statement that the airline would begin the new year on an aggressive note by slashing fares.
But he did not quantify the reduction either.
Low cost carriers are also expected to follow suit, said an industry official.