INDIA: Jet-Kingfisher alliance operational in 6 months
The alliance between India’s two largest private carriers Jet Airways and Kingfisher Airlines – which if fully implemented would give the duo a nearly 58 per cent market share – will take six months to be fully operational, accordingto Kingfi sher Chairman Vijay Mallya. Already the two carriers were cooperating “very closely in many ways” […]
February 1, 2009
Already the two carriers were cooperating “very closely in many ways” but it was not as simple as it sounded to operationalise the agreement, signed by them last October, Mallya told the Press Trust of India.
“One project is taken at a time. If you decide that frequencies on a particular route operated by either Kingfisher or Jet are going to be changed, it is not as simple as making one phone call to the planning department and saying stop the fl ight,” he said.
Asked if the alliance could take off fully in the next three to six months, he said: “Absolutely, hundred per cent.” Among the hurdles will be managing the distinctly different fleets of the two carriers: Kingfi sher has an Airbus based fleet, while Jet’s is largely Boeing based.
Meanwhile, Jet has reported a INR2.14 billion (US$42.8 million) loss in its third fiscal quarter ended 31 December, up from a INR911.2 million deficit a year earlier saying it will continue to focus on “domestic market consolidation” and “cost reduction initiatives,” including plans to rationalise its workforce.