Sunday, March 17, 2013

NEWS | CCI has no reason now to look into pricing of air tickets


The fair trade regulator's comments comes against the backdrop of many airlines recently slashing airfares to attract more passengers.
Emphasising that movement of airfares are determined by supply and demand, Competition Commission today said that at present it has no reasons to intervene in the issue of ticket prices fixed by airlines. 

The fair trade regulator's comments comes against the backdrop of many airlines recently slashing airfares to attract more passengers. 

When asked about airfares movement, Competition Commission of India (CCI) Chairman Ashok Chawla said this was something that is determined by the market. 

"... As far as we (CCI) are concerned, as on today, there is no reason perhaps to intervene," he told reporters on the sidelines of a conference organised by industry body Assocham. 

According to him, the Commission had looked into the issue of airfares. 


SOURCE:http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/cci-has-no-reason-now-to-look-into-pricing-of-air-tickets/articleshow/19004050.cms
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