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Mr Mallya (left) and Mr Goyal need to save money India's two largest private airlines, Jet Airways and Kingfisher Airlines, have agreed an alliance to cut costs. The deal will include route sharing and the joint use of crews. The two airlines have nearly 60% of the market in India. They said the rise of jet fuel by a quarter this year was a major factor in wanting to join forces. The move follows earlier consolidation in India's aviation sector, where there is intense competition as more people become able to afford plane travel. 'Benefits' The chairman of Kingfisher Airlines, Vijay Mallya, said the alliance with Jet would bring benefits to both partners. "We both recognise the... [read full story]
