No Plan To Tweak Airfare Regulatory Framework: Jyotiraditya Scindia
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Jyotiraditya Scindia said airlines remain compliant with regulatory provisions under Aircraft Rules New Delhi: 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. "The recent increase in airfare has been noticed in a few sectors, primarily driven by seasonality and demand-supply constraints. Further, the increase in airfare is also attributable to increase in fuel prices. Government has taken steps to sensitise the airlines,...