Dubai-based Emirates Airline has termed reports that it is holding discussions with Indian carrier SpiceJet for buying a stake in the airline as 'inaccurate' and said that it was busy with its own expansion plans.
Domestic airlines witnessed 10 per cent rise in sales in 2014.
Private airlines Jet Airways and IndiGo joined the race for low-fares, offering their customers hefty discounts, after Air India rolled out a similar offer to challenge Vistara, the latest full-service entrant in the domestic market.
Budget carrier IndiGo continued to be the largest player with a market share of 46.9 per cent ferrying 54 lakh passengers in March.
The agreement between the two airlines came on the second day of the four-day state visit of Mukherjee to the country.
Three major domestic airlines on Friday announced revised fares, including those under the advance purchase schemes, following abolition of the Inland Air Travel Tax which amounted to 15 per cent of the total airfare.
Spicejet receives maximum complaints regarding refunds
Indian Airlines and Jet Airways on Friday revised the advance purchase fares in most of the sectors from next month.
Jet Airways (India) Ltd on Friday launched its initial public offering of 1.72 crore (17.2 million) shares of Rs 10 each to raise up to Rs 1942.50 crore (Rs 19.42 billion) from the capital markets.
Private domestic airline Jet Airways on Thursday said it would start issuing electronic tickets from the next year in a bid to cut administrative costs by 50 per cent.
The airline's chief financial officer Ravishankar Gopalakrishnan will be acting as the CEO.
The watchdog has also asked the airlines to ensure various requirements are complied with by engineering and maintenance personnel with respect to 737 MAX planes.
Domestic air traffic rose 20.81 per cent in June on the back of low fares and peak season demand.
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