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Captains of the airline industry met in the capital on wednesday and have arrived at an informal understanding to avoid undercutting, the sources said. Indian airlines all the airline companies said there was no joint decision on fares, but the sources said the denial was due to the fear of cartelisation charges, which would invite the wrath of the government and regulators.
The proposed fare revision would be effected by tweaking the yield management system of airlines, the sources said. The number of seats sold through the lower buckets would be cut sharply and discounts would be rolled back to the minimum, they added.
The airport authorities made all arrangements for the emergency landing with fire tenders, medical van, doctors and police van, they said. The aircraft, on its way from port blair to bangalore via kolkata, was taken for repairs after the passengers disembarked, they added.
The term fare is often associated with the fees thus paid by the passenger for availing the service of the public transport system available over there, which might be a taxi, railway, cruise, bus or airways as such, which will be totally up to his discretion.
As time is running at a much faster pace than ever expected, and along with it, is carrying over the development with the same pace. This ideology and the quest to cope up with the same, the reliance on the cheap fares as such, was inevitable on all grounds.
Thus fares irrespective of the means of the travel, has now become an essential need of the man, as traveling and transportation are the ineradicable aspects of human life today. People are generally keener to know about air fares thus offered by the fastest means available and that is none other than the airways.
But with the increase in the service tax in india, it has reduced the availability of fares and one of the reasons put forward was the increase in the price of jet fuel. But the domestic sector of the airways is adamant and has no plans to reduce the prices and offer any sort of cheap fares for the public.
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