DGCA to meet airline executives today to check fare turbulence
NEW DELHI: The Directorate General of Civil Aviation (DGCA) has called airlines for a meeting on Tuesday to discuss rise in fares owing to a dearth in capacity following flight cancellations, said people with knowledge of the matter.
Airfares on some domestic routes have doubled amid the grounding of aircraft by Jet AirwaysNSE -3.38 %, IndiGo and SpiceJet for various reasons.
The first hasn’t paid lease rentals, the second has a pilot shortage and the third has been forced to stop flying its Boeing 737 Max planes. “The meeting is being called to discuss a solution to rising fares on account of cancellations due to various issues,” said one of the persons.
