You are here: Home » Current Affairs » News » National
Business Standard

Existing fare caps act as protector for passengers, airlines: Scindia

Aviation Minister on Wednesday said fare caps act as a protector for travellers as well as airlines and indicated that doing away with the curbs could be looked at once the environment stabilises

Topics
Jyotiraditya Scindia | airlines | Air passengers

Press Trust of India  |  New Delhi 

flights, airlines, aircraft, passengers, flying, air travel
Airlines

Civil Aviation Minister on Wednesday said existing fare caps act as a protector for air travellers as well as and indicated that doing away with the curbs could be looked at once the environment stabilises in terms of passenger traffic and jet fuel prices.

Domestic air passenger traffic has almost recovered to pre-COVID levels and has been crossing the 4 lakh-mark on some days in recent times. However, jet fuel prices are at a high level and many states have reduced the taxes levied on the fuel.

Interacting with reporters here, Scindia said fare capping, which is done on a rolling basis, protects passengers from being charged exorbitant fares.

"I still have an environment where ATF prices are still very high, I want to protect the passengers and also the ... I have to ensure that the environment is stable and I need multiple to proliferate in my country and then I need to create that arena where multiple airlines can operate," he said.

At present, fare capping is applicable on a rolling basis for a 15-day cycle, and the situation is monitored by the civil aviation ministry.

Emphasising that the civil aviation space is on the path of stabilisation after being impacted by the coronvairus pandemic, the minister said it can be considered fine once the passenger traffic is stable for a quarter and also the ATF (aviation turbine fuel) price should come down so that airlines are healthy.

"Fare cap is a protector on both sides, on the upper side and the lower side... as soon as that (stable) period comes into place... I have the least desire to interfere and I need to create a nice feel so that you guys (industry) can play," Scindia said.

He also asserted that his role is to be a facilitator and also ensure that entities play by the rules.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, May 11 2022. 20:35 IST
RECOMMENDED FOR YOU
.