May 05, 2012, 11.29 AM | Source: PTI
Online travel services provider MakeMyTrip today said it has resumed sale of Jet Airways' and Indigo's tickets on its portal.
Last month, the two leading airlines had withdrawn from MakeMyTrip alleging that the portal was following an opaque fare policy, which according them was 'anti-consumer'.
"MakeMyTrip remains committed to providing comprehensive product offerings to our customers and we are pleased to inform that both Jet Airways and Indigo Airlines have resumed sale of tickets on our portal," MakeMyTrip COO and Co-Founder Keyur Joshi said in a statement.
Customers can now access and book all flights from both these airlines on MakeMyTrip with immediate effect, he said without sharing details on the development.
Last month while Jet Airways had partially withdrawn inventory from MakeMytrip, Indigo had totally pulled out saying that the portal was doing opaque pricing (practice of not disclosing airline's name to buyers), which was in violation of DGCA directives.
At that time, MakeMyTrip had, however, said that all the fares displayed were as per the guidelines received and approved by airlines, including the special fares that were approved by the participating Airlines.
Commenting on the development today, Jet Airways Chief Commercial Officer Sudheer Raghavan said: "We are pleased to announce the resumption of our full inventory on MakeMyTrip once again and we look forward to a mutually beneficial association between the two companies."
Jet Airways stock price
On May 24, 2016, Jet Airways closed at Rs 582.25, down Rs 23.55, or 3.89 percent. The 52-week high of the share was Rs 783.30 and the 52-week low was Rs 248.50.
The latest book value of the company is Rs -387.83 per share. At current value, the price-to-book value of the company was -1.50.
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