Published on : Tuesday, April 16, 2019
Amid a shortfall in capacity due to shrinking operations of Jet Airways (India) Pvt Ltd and the grounding of the controversial Boeing 737 Max aircraft , the aviation regulator has asked airlines to keep a check on airfares.
On Tuesday the officials of the Directorate General of Civil Aviation (DGCA) met airline industry executives urging them to prevent an increase in ticket prices.
An official privy to the development said after a meeting that the Airlines was advised to continue to monitor at their level and provide information to the DGCA to keep fares low as far as possible.
The regulator were told by the airline that they had shifted seat inventory from higher prices bucket to lower ones.The liquidity crunch that curtailed the operations of Jet Airways should not turn into a industry-wide crisis.
The fare movement will be monitored by the DGCA on a daily basis and it will engage with airlines for appropriate action.