No Plan To Tweak Airfare Regulatory Framework: Jyotiraditya Scindia
NDTV
Air ticket prices are not regulated by the government and are market driven, with airlines having freedom to fix reasonable fares after taking into consideration various factors, including cost of operation
Civil Aviation Minister Jyotiraditya Scindia on Thursday said there is no proposal at present to interfere with the current regulatory framework for airfares.
Air ticket prices are not regulated by the government and are market driven, with airlines having freedom to fix reasonable fares after taking into consideration various factors, including cost of operation.
In a written reply to the Lok Sabha, Scindia said airlines remain compliant with the regulatory provisions under Aircraft Rules, 1937 as long as the fare charged by them does not exceed the fare established and displayed on their websites.
