Within a day of Spicejet unveiling its Rs 599 offer fair trade watchdog CCI started probing alleged violation by airlines indulging in fare wars. However, the government took the opposite stance and said today the pricing decision should be best left with the carriers.
Not just Spicejet, from Jet Airways Indigo to Air India, all airlines are indulging in cut-throat rivalry in offering lowest possible airfares. This caused the CCI yet again to probe possible violation of competition laws, although the fair-trade regulator has failed to pin down the carriers on similar charges several times in the past.
Initially, the CCI began its probe some time back following a reference from a Parliamentary panel in this regard, but is did not find anything substantiative against the airlines on cartelisation charges as no one seems to be making profits through ‘the unfair pricing of air tickets’.
13/02/15 PTI/Financial Express
To Read the News in full at Source, Click the Headline
Not just Spicejet, from Jet Airways Indigo to Air India, all airlines are indulging in cut-throat rivalry in offering lowest possible airfares. This caused the CCI yet again to probe possible violation of competition laws, although the fair-trade regulator has failed to pin down the carriers on similar charges several times in the past.
Initially, the CCI began its probe some time back following a reference from a Parliamentary panel in this regard, but is did not find anything substantiative against the airlines on cartelisation charges as no one seems to be making profits through ‘the unfair pricing of air tickets’.
13/02/15 PTI/Financial Express
