Centre Deregulates Air Fare; Will Air Travel Become More Expensive? | India Development Debate

It's a big order by Aviation regulator DGCA. Which has gone ahead and removed airfare bands, which capped airfares within limits...The order will come into effect from August 31st. This means that airfares will now be driven by market forces meaning demand as well as factors like Air turbine Fuel which makes up a big part of the air fare...Remember airfare limits were imposed in May 2020 amid the pandemic. This means airlines will now be free to charge fares as per their discretion. Does this mean airfares are going to further rise? On The India Development Debate ET NOW's Tamanna Inamdar discusses the implications of DGCAs move on the sectors as well as consumers with Jitendra Bhargava, Former ED, Air India and Sathyanarayan Sridhar, Team Lead at CAPA India. Tune In.Read More