SpiceJet chief Ajay Singh has favaoured hike in airfares in the country and said that major players in the aviation sector need to take the initiative in this direction.
“The underlying demand is extremely strong. I think the issue really is on the yield. We need to make sure that we take up average fares,” Singh was quoted as saying by CNBC-TV18 on the sidelines World Economic Forum in Davos.
Singh was of the view that IndiGo, the market leader with 42 percent market share, should make the first move, the report said. Read More