Jet Airways and Kingfisher Airlines, India's two largest private carriers, yesterday announced the formation of an "alliance" that will include codesharing on both domestic and international flights and a wide-ranging pooling of resources. Each airline is losing money as they contend with rising costs and overcapacity in the Indian market and see cooperation as a way to lower costs and increase efficiency. "Such alliances are taking place all over the globe," Jet Chairman Naresh Goyal told ...

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