Fliers who are looking to book air tickets in the next few months can consider themselves lucky as it is expected that airfare is expected to dip down. This is mainly because of the fact that AirAsia and Singapore Airlines, two giant names in global aviation are almost on the verge of starting their services. The coming six months will be a testing time for Indian carriers and travellers are expected to reap the benefits of rising competition. Interestingly, both these carriers are backed by the Tata Group, who hold a significant portion of the stakes in both the ventures.
Tough Competition
This news of initiation of services of the two carriers has already created much ripples in aviation of the country. The year 2014 has been marked by a series of discounts and all the popular names including market-leader IndiGo have offered such flash fares. SpiceJet, a popular low-cost carrier has offered as many as seven rounds of discounts in the first four months of the calendar. This shows that the Indian airlines are gearing up for the fresh challenge. Once they begin their services, it is expected that airfare, like the price of an IndiGo or a GoAir flight ticket will sharply dip.
The Federation of Indian Airlines (FIA), headed by all the popular carriers operating in this sector have strongly opposed the fact that these foreign companies are being allowed to venture out in Indian aviation. It is a known fact that they are running through a bad phase as seen from their back to back losses. In such conditions, increasing the competition means that the situation will turn for the worse. However, their petition has been rejected by the governing bodies and it is expected that the foreign names will soon be allowed to start their operations.
Tough Competition
This news of initiation of services of the two carriers has already created much ripples in aviation of the country. The year 2014 has been marked by a series of discounts and all the popular names including market-leader IndiGo have offered such flash fares. SpiceJet, a popular low-cost carrier has offered as many as seven rounds of discounts in the first four months of the calendar. This shows that the Indian airlines are gearing up for the fresh challenge. Once they begin their services, it is expected that airfare, like the price of an IndiGo or a GoAir flight ticket will sharply dip.
The Federation of Indian Airlines (FIA), headed by all the popular carriers operating in this sector have strongly opposed the fact that these foreign companies are being allowed to venture out in Indian aviation. It is a known fact that they are running through a bad phase as seen from their back to back losses. In such conditions, increasing the competition means that the situation will turn for the worse. However, their petition has been rejected by the governing bodies and it is expected that the foreign names will soon be allowed to start their operations.
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