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Predatory pricing happening in airfares: Aviation Minister Hardeep Puri

Addressing a press briefing, Hardeep Puri said while the ministry had no plans of regulating fares, it has to happen within parameters of deregulation

twitter-logo PTI        Last Updated: December 31, 2019  | 15:36 IST
Predatory pricing happening in airfares: Aviation Minister Hardeep Puri
Aviation Minister Hardeep Puri

Aviation Minister Hardeep Puri on Tuesday said some predatory pricing is happening in airfares and other airlines can shut down if it continues

Addressing a press briefing, Puri said while the ministry had no plans of regulating fares, it has to happen within parameters of deregulation.

"We need to bring equilibrium within the market. Can't say predatory pricing is the only reason of ill health of airlines, it is one of the reasons. After discussion with airlines, the trend of predatory pricing has reduced. Our advice to airlines is to charge realistic fares," he said.

Also read: Govt to sell 100% stake in Air India, says Hardeep Singh Puri

Also read: Know your minister! Aviation Minister Hardeep Singh Puri loves Pink Floyd; here's proof

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