The Government is not considering the formulation of a mechanism for the capping of economy and business class airfares, to curb the predatory pricing of passenger tickets by airlines.
Air fares are not regulated by the Government. Airlines are free to fix tariff under the provision of Sub-rule (1) of Rule 135, Aircraft Rules 1937 having regard to relevant factors, including the cost of operation, characteristic of services, reasonable profit and the generally prevailing tariff.
This information was given by Minister of State for Civil Aviation, Dr. Mahesh Sharma in a written reply to a question in the Rajya Sabha today.
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