ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Web Stories
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • IPL 2023
    • Karnataka Elections 2023
    • Viral
    • Education
    • Jobs
Read in App
Business News » Companies News

Capping airfares by government is "unfair": SpiceJet

By forcing airlines to cap airfares, the government is also intervening in price discovery.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Capping airfares by government is "unfair": SpiceJet
Singh said that government should try reducing the fuel prices and make it tax free. Photo: IANS

Last week, the civil aviation policy by the Ministry of Civil Aviation, stated that air tickets for tier 2 cities are capped at Rs 2500 per ticket on one-hour long flights and fares for 30-minute flights was capped at Rs 1500.

Days after the announcement, today, Ajay Singh, Chairman and Managing Director of SpiceJet, said that the capping airfare is "unfair" as it should not be done by the government.

While speaking to Zee Business, Singh said, "The capping should be left for the companies and should not be done by the government. Aviation sector will not be benefitted from this. Airlines should be given free hand".

Further, Singh said that government should try reducing the fuel prices and make it tax free. He also wanted the government to look at cutting the landing and parking of flight charges.

By forcing airlines to cap airfares, the government is also intervening in price discovery. Since airlines will now have to cap their prices, they have no incentive to offer tickets at cheaper rates.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
SpiceJetAjay SinghCivil Aviation PolicyMinistry of Civil AviationAviation
Written By: ZeeBiz WebTeam
Updated: Thu, Jun 23, 2016
06:27 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Decoding your air ticket after the new civil aviation policy Decoding your air ticket after the new civil aviation policy
10 things that you need to know about the new Civil Aviation rule 10 things that you need to know about the new Civil Aviation rule
SpiceJet launches five-day sale on domestic air fares starting at Rs 444 SpiceJet launches five-day sale on domestic air fares starting at Rs 444

LATEST NEWS

Amazon 5G Revolution Sale: From Samsung Galaxy S23 Ultra to Lava Blaze, list of 5G smartphones available at huge discounts

Govt committed to fulfilling poll guarantees, no need to worry: Karnataka Deputy CM

Karnataka Minister to hold meeting on free bus travel for women

IPL 2023: What happens if rain washes out the reserve day for CSK vs GT final?

Protection of depositors’ money should be a priority for banks: RBI Governor Shaktikanta Das

EXCLUSIVE | IT stocks' valuations not cheap, could turn out to be laggards in 18-24 months: Gaurav Dua, Sharekhan

City Union Bank shares tank over 9% post-Q4 results; should you buy?

Exercise may lower Parkinson's disease risk in women by 25%

Before 'Iron Man', Robert Downey Jr. was in talks for another Marvel film

Congress leaders from Madhya Pradesh meet Kharge over poll preparedness

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. Indiadotcom Digital Private Limited. All Rights Reserved.
LIVE TV