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Regulator seeks Kingfisher’s air fare hike details

Regulator seeks Kingfisher’s air fare hike details
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First Published: Fri, Feb 13 2009. 11 01 AM IST
Updated: Fri, Feb 13 2009. 11 01 AM IST
Mumbai: Kingfisher Airlines has received a letter from the regulator seeking details on the fare hikes announced by it earlier this week, its top official told news channel CNBC TV 18.
“Let me confirm that we have late yesterday received a letter from the DGCA (Directorate General of Civil Aviation), asking details about the fare hike, to which we shall reply,” chairman Vijay Mallya told the channel on Friday.
Kingfisher Airlines, along with peers Jet Airways and SpiceJet, increased airfares on several domestic routes, prompting the government to say it was keeping watch to prevent cartelisation.
“We have no problem in submitting a comprehensive reply to the DGCA...we have nothing to hide,” he added.
“We need to find a positive route to profit, we cannot do a public service,” he said. Kingfisher Airlines had reported a loss of Rs4.13 rupees in Oct-Dec.
“If the government helps us to bring down costs by reducing taxes and charges we will bring down the fares,” Mallya added.
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First Published: Fri, Feb 13 2009. 11 01 AM IST