Air traffic

Domestic airfare cap to continue until air traffic stabilizes for quarter: Aviation Minister Scindia

ATF (jet fuel) prices are at an all-time high.

New Delhi: The cap on domestic air fares will continue until air traffic within the country stabilizes for a quarter and jet fuel (jet fuel) prices cool. Union Minister of Aviation Jyotiraditya Scindia said these controls were continuing to protect consumers from high fares and airlines from predatory pricing.

On May 25, 2020, the Center imposed the lower and upper limits after flights resumed after a two-month nationwide lockdown due to the coronavirus pandemic in a serious attempt to support airlines struggling financially due to restrictions of pandemic-induced travel. And the upper limits were imposed so travelers wouldn’t be charged exorbitant amounts when demand for seats was high.

“Air traffic has resumed steadily after we removed all capacity caps. However, ATF prices are at historic highs. I have persuaded states to reduce kerosene taxes, but the same has yet to happen in the major centers of Delhi and Mumbai. The reduction of excise duties on the ATF is being considered by the Ministry of Finance. Until air traffic remains stable for a quarter and fuel prices come down, domestic price caps will continue,” Scindia said. HAVE.

On the state of urban air mobility solutions in Indiathe daily quotes the minister, who recently visited the United States and Canada, as saying: “I invited eVTOL (electric vertical take-off and landing), including BLADE who has a JV (joint venture) in India, to come here and explore setting up manufacturing units both for use in India as well as for export to the rest of Asia from ‘here, to study the roads here and the necessary infrastructure in terms of load stations. They showed tremendous interest. ”

BLADE India is a JV between the American company Urban Air Mobility BLADE Inc and New Delhi-based venture capital firm Hunch Ventures.

Amit Dutta, Blade India MD and co-founder, said Scindia had invited the company to simultaneously launch electric vertical machines in the United States and India in early 2024 (expected launch date after getting the green light from the Federal Aviation Administration and the European Union Aviation Safety Agency).

“The Blade team will be back here in July and I will be talking to other electric vertical craft (EVA) manufacturers in the United States to do the same. They will be looking at the weather conditions here and the regulatory framework,” he said. he stated in the publication.

He added that due to overcrowding in cities and limited space to expand roads, air taxis and air taxis are the future.

Scindia reportedly told EVA makers in the US and Canada that India presents a unique opening, given the focus on improving urban mobilityflying taxis being the future.