Kingfisher Jet alliance – Prima facie a cartel

Thank God, some of the media people have woken up and are calling the Kingfisher Jet alliance a cartel. ET has stated in its editorial that the alliance “may be” anti-consumer. Why may be? Prima Facie, it is. Any agreement, whatever the terms, between the two will be anti-competitive and anti-consumer. This is against the MRTP Act. Whenever, two major competitors sit down on a table to work together to save money, that is, make more profits, you don’t have to be a rocket scientist to figure out that it is going to be against the law and the consumer is going to get screwed (to put it mildly).

Jet and Kingfisher form a cartel but call it pathbreaking alliance

Jet and Kingfisher with a combined market share of nearly 60% have announced operational alliance to save costs. Their argument is that they are losing Rs. 20 crores everyday.