Jet Airways launched week-long sale of low-fare domestic tickets.The one-way economy fares would be 1777 rupees, 2777 rupees and 3777 rupees for sectors less than 750 km, between 750-1,000 km and over 1000 km respectively. Fuel surcharge would be part of the ticket cost but the passenger would have to pay the applicable taxes. The tickets would be non-refundable and a date change would be permitted at a charge of 1200 rupees per sector, as per the existing practice. The Jet move is a limited-period bonanza to attract more passengers during the lean season when air traffic is low.
In spite of financial trouble, the Indian airline industry has been experiencing, the low-fare war between airlines has never abated in the past months, with the latest initiator being SpiceJet earlier this year with other airlines following suit. Jet's decision to offer low fares indicated an improvement in its cash flow following its stake sale deal with Abu Dhabi-based Etihad Airways.
Though the Jet-Etihad deal is yet to get the nod of the Union Cabinet, Jet in February concluded sale and leaseback of three pairs of its slots at London Heathrow airport to Etihad at a price of around 70 million US dollars.
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