Thursday, October 28, 2021
News

Centre tweaks airfare cap rules, gives more pricing freedom

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Sunday, 2021 4:45:05 AM IST
To give more pricing flexibility to the airlines, the Centre has tweaked the airfare cap rules.

According to the Ministry of Civil Aviation, the fare band will now only be applicable for a 15-day cycle.

Notably, the ministry in an order issued on Saturday said that if the fare cap applicability date starts from September 20, the fare bands shall be applicable till October 4.

However, any booking done on September 20 for travel on or after October 5 shall not come under the fare bands.

"On the following day, i.e., if the current date is September 21, the fare bands shall be in force till October 5, and for travel on or after October 6, the fare bands shall not be applicable. So, the fare bands will shift by a day every day," the ministry said.

Besides, the current fare cap shall be further applicable up to 15 days with immediate effect.

The minimum and maximum fare chargeable shall continue to be rolled over for the 15-day cycle or until further orders, whichever is earlier.

These fare bands came into force with effect from May 21, 2020. Under the fare structure, air routes are divided into seven sections based on travel time.

Each section has its minimum and maximum fares.

--IANS rv/arm

( 226 Words)

2021-09-18-22:32:04 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Profit booking, global cues dent equity ...
7 in 10 Indians ready to loosen purse st...
'Krishi UDAN 2.0' to help in doubling fa...
L&T's Q2FY22 YoY consolidated net profit...
Tube Investments posts Rs 121 crore net ...
Taxpayers to now get details on remittan...
More...
 
INDIA WORLD ASIA
National security not always a 'free pas...
Security beefed up in North Tripura's Pa...
Sufiyana musical evenings enthralls audi...
India says China's new boundary law is a...
Whether Pegasus acquired by centre or st...
Lalu blasts Nitish in first poll rally a...
More...    
 
 Top Stories
Foreign firms in China concerned ov... 
All ministries told to clear Air In... 
Another rare honour for breast canc... 
Use of drugs up, liquor consumption... 
'Krishi UDAN 2.0' to help in doubli... 
Adani Enterprises' consolidated EBI... 
Armed robbery increases in Afghanis... 
Sufiyana musical evenings enthralls...