India to remove fare caps imposed on airlines from Aug 31

Jet Airways (India)

10/08/2022 11:43

NEW DELHI, Aug 10 (Reuters) - India will remove the fare
caps it imposed on domestic airlines in 2020 during the pandemic
on Aug. 31, the country's civil aviation ministry said on
Wednesday, lifting restrictions on ticket prices. 
    The government, in a rare move, had regulated fares by
imposing a minimum and maximum band based on the flight's
duration to prevent ticket prices from spiking due to pent-up
demand arising from an easing of restrictions on air travel.

 (Reporting by Aditi Shah, Editing by Louise Heavens)
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