Jet, Kingfisher Airlines form strategic alliance

In the first of its kind in the Indian aviation industry Jet airways and Kingfisher airlines have entered into a strategic alliance to fight back the financial crisis being faced by the global economy. In the current situation the airlines have come together on a common ground to work together with regards to fuel management, ground handling, sales and staff as well as rationalise network and crew.

As per both airlines there is no equity implications in this alliance. This alliance is similar to global alliances such as One World, Sky Team, and Star Alliance. This move is not a cartel but a move to save costs.