The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) has urged the State and Union Governments and banks to “support” the revival of Kingfisher Airlines. Addressing the media here on Thursday, FKCCI president K. Shiva Shanmugam said that the revival of the airline would “curb” other airlines’ ability to charge higher air fares.

Admitting that higher air fares were also due to the high cost of aviation turbine fuel and generally higher operating costs in the airline industry, Mr. Shiva Shanmugam said that a “major reason” for higher fares in recent months was due to the grounding of Kingfisher Airlines.

The FKCCI also announced that it would conduct the Kodagu Business Development Summit in association with the Kodagu District Chamber of Commerce and Industry at Madikeri on December 18.