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With Tata-SIA's Vistara, AirAsia set to fly, airlines eye losses as rivalry rises

22 Aug 2014 23:34:28

financialexpress.com

Sensing stiff competition from Vistara, a full service offering by Tata Sons and Singapore Airlines, Air Asia India and four-five new airlines which could start operations from the next financial year, incumbent airlines are gearing up to meet the new challenges that could potentially widen their losses.

Naresh Goyal, chairman of Jet Airways, recently announced that his airline will close down its no frills service, Jet Konnect, to focus on a single brand full service carrier strategy to bring the airline back into profitability by the financial year 2017.


Read full story: financialexpress.com

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