The government is considering temporarily setting caps and floors on airfares once air transport resumes after the lockdown, in a bid to “protect both consumers and airlines”, officials aware of the matter said.
The civil aviation ministry, which has started discussions on the process, feels that it is important to ensure tickets don’t become very expensive, and to prevent predatory pricing from hurting the financial viability of airlines. The move if implemented, will be a temporary measure to protect both consumers and airlines, said officials ...
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