The
Federation of Karnataka Chambers of Commerce and Industry (FKCCI) has urged the
State and Union Governments and banks to “support” the revival of Kingfisher
Airlines. Addressing the media here on Thursday, FKCCI president K. Shiva
Shanmugam said that the revival of the airline would “curb” other airlines’
ability to charge higher air fares.
Admitting
that higher air fares were also due to the high cost of aviation turbine fuel
and generally higher operating costs in the airline industry, Mr. Shiva
Shanmugam said that a “major reason” for higher fares in recent months was due
to the grounding of Kingfisher Airlines.
The
FKCCI also announced that it would conduct the Kodagu Business Development
Summit in association with the Kodagu District Chamber of Commerce and Industry
at Madikeri on December 18.
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