![]() Financial Daily from THE HINDU group of publications Monday, May 09, 2005 |
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Airlines Logistics - Airlines Kingfisher takes on Jet, IA with lower fares Our Bureau
The UB group Chairman, Mr Vijay Mallya, at the pre-launch flight of Kingfisher Airlines in Bangalore on Sunday. - Sampath Kumar G.P.
Bangalore , May 8 KINGFISHER Airlines on Sunday announced its fares for the Bangalore-Mumbai sector, which are at least 35 per cent lower than those of Indian Airlines and Jet Airways. The new fares, which are expected to kick-start a fresh round of fare wars among the domestic airlines, will be about 40 per cent lower than Kingfisher Airlines' competitors in the Bangalore-Delhi sector. The airline will operate on this sector from next month. Kingfisher Airlines will take off on its maiden flight on the Bangalore-Mumbai sector on Monday. Air Deccan's highest priced ticket will be at least 40 per cent lower than the lowest fare of Kingfisher Airlines for both the Bangalore-Mumbai and Bangalore-Delhi sectors. Kingfisher Airlines will begin operations with a double daily service in both directions on the Bangalore-Mumbai sector and from May 20, the airline will increase the number of flights to three times every day. Its lowest fare is Rs 3,900 for the Bangalore-Mumbai sector and the next highest is Rs 4,900 and the highest is Rs 5,900. About 30 per cent of the seats will be reserved for the first and the second set of fares and the rest for the highest priced fares. On the Bangalore-Delhi sector, Kingfisher Airlines has priced the first slab at Rs 6,900, the next at Rs 8,900 and the highest at Rs 10,900. "It is one of the most important projects in my career," the UB group Chairman, Mr Vijay Mallya, told guests during the pre-launch flight of Kingfisher Airlines. He said his airline would offer value-added services such as in-flight entertainment with a personal television screen in each seat.
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