Jet and Kingfisher have finally decided to be 'friends' to tide over the downturn in the economy. As they say, in business, film industry and politics, there are no permanent enemies or friends. Not so long ago, Mallya implicated Goyal, not so overtly, of using his political nexus to thwart Kingfisher's launch and expansion plans. Now, they have joined hands in a purely 'platonic' way.
Welcome to the new cartel of Indian airline companies. First, Kingfisher bought the low cost carrier Deccan and slowly started increasing fares thereby putting a spanner in the growth of low cost sector. This gave other low cost airlines good opening to increase their fares. Now this 'friendship'.
Inspite of crude prices falling from their high of $150+ to $80 today, the prices of air travel which was increased due to hike in crude has not decreased. With this 'friendship' one can only assume that it will either stay there or go up. I hope the MRTP guys are not sleeping and will look into this 'friendship' more closely to ensure that monopoly is not created as these two now will own about 60% of the market.
The current news is that they have invited Indian to join hands with them. Trust Mallya to go for a 'threesome'. He is not known as the king of good times for nothing.
Customers get ready to get 'screwed', again and again and again......
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1 comment:
Raped royally would be right!
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