Submitted by 2point6billion.com Blog

Jet Airways finally publically announced their special introductory Mumbai-Shanghai fares on Friday. They will fly between the two commecial capitals for RMB 3680 (US$527) + tax only if you buy the ticket between 16th-31st May and fly between 15th June- 15th July.  The introductory ticket has a one month validity.

Not to be outdone, Air India, India’s little Maharaja, has reacted to its new competition. Air India promptly cut Mumbai-Shanghai fares to RMB 3230 (US$462) + tax. The offer is valid for a fortnight, from June 15th - 30th.

Competition is always good for the market. As compared to five months ago, the sectors air fares have dropped by almost RMB 1,000 (US$143). Trade analysts hope the new fares and increased connectivity between the two megapolis will help India and China realise their targeted trade of US$60 billion before 2010.

To read more about India-China’s increased air connectivity read our story Jet…Set…..GO.