Mumbai: Competition Commission of India (CCI) today said it could take a relook at the issue of cartelization in the airline industry in terms of hike in airfares but maintained that ticket prices generally moved up due to a mismatch between supply and demand.
"The Commission looked at the airfares some time ago, but we found that the fares had moved up and down more because of the market play dynamics and not because of anti-competitive practices, that they had formed a cartel. So if the need arises, the Commission will look into the issue again," its Chairman Ashok Chawla said on the sidelines of an event organized by industry lobby FICCI here.
20/09/12 Financial Express
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"The Commission looked at the airfares some time ago, but we found that the fares had moved up and down more because of the market play dynamics and not because of anti-competitive practices, that they had formed a cartel. So if the need arises, the Commission will look into the issue again," its Chairman Ashok Chawla said on the sidelines of an event organized by industry lobby FICCI here.
20/09/12 Financial Express
