India`s largest private-sector carrier Jet Airways said Wednesday it was laying off 1,900 employees because of the economic slowdown and soaring costs.

The move comes just two days after the firm entered into a working alliance with its main rival, Kingfisher Airlines, to battle slowing growth and high fuel prices.

MUMBAI, Oct 14, 2008 (AFP) - India's largest private-sector carriers Jet Airways and Kingfisher Airlines have agreed on a wide-ranging working alliance to help them battle slowing growth and high fuel costs, the companies said.

BRUSSELS, August 4, 2008 (AFP) - EU regulators on Monday approved Europe's second largest travel firm Thomas Cook's takeover of smaller French rival Jet Tours.

The European Commission announced that it had given the deal its blessing via a 'simplified' vetting process used for acquisitions not seen as posing any competition problems.