NEW DELHI: Even as sharp movements in air fares continue to raise concerns, the Ministry of Civil Aviation is "reluctant" to regulate the ticket prices on grounds that any such move would be against free market principles.
Currently, airlines have been allowed to fix fares on their own depending on supply and demand.
Sources said that more than 100 Parliamentarians have written to the Ministry raising concerns over the movement of air fares over the past six months and most of them are in favour of regulations to control the prices.
Parliamentarians, cutting across party lines from various states, including Jammu and Kashmir, northeast India and Andaman and Nicobar, have been raising concerns about the matter from time to time, source added.
16/04/2015/PTI/Economic times.
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Currently, airlines have been allowed to fix fares on their own depending on supply and demand.
Sources said that more than 100 Parliamentarians have written to the Ministry raising concerns over the movement of air fares over the past six months and most of them are in favour of regulations to control the prices.
Parliamentarians, cutting across party lines from various states, including Jammu and Kashmir, northeast India and Andaman and Nicobar, have been raising concerns about the matter from time to time, source added.
16/04/2015/PTI/Economic times.
