Will be happy if fare caps are increased: Vistara CEO Vinod Kannan
Vistara will be happy if the lower and upper limits on airfares are increased but the best solution would be for the airlines to have absolute freedom to price, its CEO Vinod Kannan said on Sunday.
On June 16, Aviation Turbine Fuel (ATF) prices in India were hiked by the steepest-ever 16 per cent to catapult rates to an all-time high in step with hardening international oil rates.
IndiGo CEO Ronojoy Dutta said on June 1 that the civil aviation ministry should consider increasing the upper limits on domestic airfares as the rising ATF prices have become a real problem.
