New Delhi: The civil aviation ministry could very soon issue a set of guidelines to aviation regulator DGCA to prevent airlines from both over-charging passengers in spot fares while at the same time ensuring that airlines do not offer very cheap fares below the cost of operation.
Meanwhile, with former promoter of SpiceJet Ajay Singh trying to bring investment of at least Rs1000 crore into the cash-strapped airline, speculation is rife that US-based investment firm JP Morgan could be interested in investing in the airline.
Speculation is also rife that market leader IndiGo which has already captured more than one-third of the aviation market could buy more aircraft to boost its own network, possibly upto even 80 aircraft.
The ministry sources had recently indicated that there could be a cap of about Rs15,000 on maximum fare on any sector. The ministry sources are exploring the possibility of linking fares to the distance per km. Civil aviation minister Ashok Gajapathi Raju is currently examining the proposal which could be cleared by the ministry very soon, sources said.
24/12/14 Deccan Chronicle
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Meanwhile, with former promoter of SpiceJet Ajay Singh trying to bring investment of at least Rs1000 crore into the cash-strapped airline, speculation is rife that US-based investment firm JP Morgan could be interested in investing in the airline.
Speculation is also rife that market leader IndiGo which has already captured more than one-third of the aviation market could buy more aircraft to boost its own network, possibly upto even 80 aircraft.
The ministry sources had recently indicated that there could be a cap of about Rs15,000 on maximum fare on any sector. The ministry sources are exploring the possibility of linking fares to the distance per km. Civil aviation minister Ashok Gajapathi Raju is currently examining the proposal which could be cleared by the ministry very soon, sources said.
24/12/14 Deccan Chronicle
