Kingfisher and Jet Airways to reduce fares by Rs 1000

India’s two largest private airlines,Kingfisher and Jet Airways, are likely to reduce fares by up to Rs 1,000 on domestic routes by Dec 2008.

Last week, oil marketing companies had announced a 17% cut in aviation turbine fuel (ATF) prices, while the government reduced customs duty on jet fuel by 5%.Including this the aviation ministry and the government has given them series of benifits to the Airlines industry.

Following this, Air Fuel prices in the metros have come down between Rs 44,965 and Rs 53,663 per kilolitre, a 20% drop from last month. The airlines also received an extension to pay off their fuel dues worth Rs 2,000 crore. However, the customers are yet to get any relief.


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