UDAN: Airfares to be revised every three months


Airfares as well as the government subsidy for airlines under the regional air connectivity scheme will be revised every three months depending on inflationary trends.

The scheme — UDAN (Ude Desh ka Aam Naagrik) — provides for cap on air ticket prices and viability gap funding (VGF) for the participating carriers.

The Civil Aviation Ministry has said caps on air ticket prices and VGF under the scheme would be revised on a quarterly basis. Read more

Credtis:economictimes.indiatimes.com

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