“We would like to buy stake in a small insurance company that we would add value to and grow the market through our skill set of marketing and branding etc,” he added.
IndiGo and the FIA have been trying to squeeze us out. I have never seen competitors like these. They pushed me the wrong way, says Fernandes.
The ongoing price wars between airlines have revealed a desperation that’s fast blurring the lines in the Indian aviation market.
SpiceJet in July posted industry-best load factor figure 79.4% during July. In June too, it had the industry's highest seat occupancy levels at 81.4%.
Jet & Qatar Airways are offering discounts to take on Emirates & SIA whose recently started A380 flights are scooping passengers in big chunks.
The shift to mobile app behaviour has been driven by flash sales of airlines such as SpiceJet which encourages consumers to embark on impulse trips.
The average 60-day fare in sectors such as Delhi-Mumbai, Mumbai-Bangalore and Mumbai-Goa is about Rs 3,200, about 20 per cent lower than last year.
Thousands of people are still stranded in Srinagar as the worst flood in 60 years still has most of the city submerged in water.
Apart from selling air tickets with special packages, the platform will help with hotel bookings, car rentals, business insurance, telecom and business solutions, etc.
The contract can be extended by an additional five years. Cox & Kings will take over the management of the train from Oct 5.
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