Airfare bands are implemented to protect airlines and passengers interest: Jyotiraditya Scindia
Following the pandemic, the civil aviation ministry implemented temporary airfare bands with upper and lower limits under the Aircraft Act of 1934.
- Airfare bands are temporary measure under the Aircraft Act, 1934
- Normally, airfares are neither established nor regulated by the government
- Losses of airlines in 2020-21 was about Rs 19,564 crore
Trending Photos
In a statement, Jyotiraditya Scindia, the minister of civil aviation, stated that airfare bands protect both airlines and passengers' interests.
In the wake of the coronavirus pandemic, the civil aviation ministry introduced airfare bands with upper and lower limits as a temporary measure under the Aircraft Act, 1934, he told Lok Sabha in a written reply. He also emphasised that under normal circumstances, airfares are neither established nor regulated by the government.
"The fare bands serve the dual purpose of protecting the interests of the travellers as well as of the airlines and have been revised from time to time. Fare capping is, presently, applicable on a rolling basis for a 15 days' cycle," the minister said.
Also read: RT-PCR report not required, Govt issues new guidelines for international travellers
With the repeal of the Air Corporation Act in March 1994, airlines are free to fix reasonable airfares under Aircraft Rules, 1937.
In a separate written reply, Scindia said the estimated losses incurred by airlines in India in 2020-21 was approximately Rs 19,564 crore.
With inputs from PTI
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.
Live Tv