New Delhi: Soaring air fares have led the Civil Aviation Ministry to consider a proposal to cap the highest and the lowest ticket prices, which the airlines would not be allowed to cross.
The Ministry is working on a mechanism to fix the highest and the lowest price bands, with Civil Aviation Minister Ajit Singh expressing concern over the sharp rise in fares, especially during peak hours and seasons, forcing hapless passengers buying tickets at the last moment to shell out large sums.
Official sources said though the government would not determine the fares, it was working on a formula to determine the lowest and highest ranges in consultation with the airlines.
The fares would not be allowed to go beyond a fixed multiple of the minimum air fare during a given period, the sources said, while referring to the recent limited-period low fares announced by SpiceJet.
11/02/13 PTI/Economic Times
