Air India set to cut air fares
Air India, the state-owned airline of India, announced the cut in air fares up to 82 percent in as many as 20 different sectors. The new fares will be effective January 1, 2009. The officials of the airlines expect the private players to follow the suit and offer more perks to the commuters. Jet Airways and Kingfisher already offering the much reduced fares. The highest cut is on the Bangalore-Chennai sector where basic fare has reduced to Rs 200 from Rs 1100, a cut of nearly 82 percent. The officials are hopeful about the more drop in air fares in near future.