New Delhi - India's top private-sector airlines Jet Airways and Kingfisher Airlines announced a wide-ranging alliance that will help both carriers to battle declining growth and cut fuel costs, news reports said Tuesday.
"The two airlines will be able to rationalize their operations and derive the maximum synergies and thereby offer the best possible fares for the benefit of consumers," the IANS news agency quoted from a statement issued by the companies.
The alliance was firmed up late Monday night following a meeting between Jet Airways chairman Naresh Goyal and his Kingfisher Airlines counterpart Vijay Mallaya.
The companies said the alliance would entail huge costs savings but declined to give details.