Mumbai: Jet Airways (India) Ltd, India’s largest private airline, may tie up with rival carrier Kingfisher Airlines Ltd, for a possible code share agreement on domestic and international routes, said an industry executive familiar with the development.
The carriers will have arrangements to complement each others services. Naresh Goyal, and Vijay Mallya, who promote Jet and Kingfisher respectively, are meeting on Monday at the headquarters of Kingfisher Airlines in Mumbai.
An announcement is expected later in the day. The scrip of Kingfisher Airlines Ltd today rose by 35.70% to close at Rs52.65 on the Bombay Stock Exchange or BSE while Jet Airways’ shares posted a 11.39% rise to close Rs292.50.