“When ATF (aviation turbine fuel) prices have come down, so should the fares,” Civil Aviation Minister Praful Patel told reporters here.
“In the past when airlines were in difficulty, we helped them by an extra line of credit, staggered repayment of their dues and abolished Customs duty on ATF. It is now imperative for airlines to respond to the situation,” the minister said while replying to a question.
Exuding confidence that the fares would come down in the coming weeks, Patel said Air India officials had informed him that they were working on reducing fares in the near future.
This is the third time in four weeks that the civil aviation minister has asked air carriers, including Jet Airways and Kingfisher Airlines, to cut fares in response to the government’s support to the industry.
http://www.business-standard.com/ind.../00/54/343494/
“In the past when airlines were in difficulty, we helped them by an extra line of credit, staggered repayment of their dues and abolished Customs duty on ATF. It is now imperative for airlines to respond to the situation,” the minister said while replying to a question.
Exuding confidence that the fares would come down in the coming weeks, Patel said Air India officials had informed him that they were working on reducing fares in the near future.
This is the third time in four weeks that the civil aviation minister has asked air carriers, including Jet Airways and Kingfisher Airlines, to cut fares in response to the government’s support to the industry.
http://www.business-standard.com/ind.../00/54/343494/
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