Dangers of duopoly: why airfares in India are likely to stay sky-high in the coming years
Automobile

Dangers of duopoly: why airfares in India are likely to stay sky-high in the coming years

By Eduardo Saverin

An Indigo airlines aircraft in the apron at the Mumbai International airport in Mumbai on June 20, 2023.

Synopsis

Airfares have fallen globally over the last few decades with the advent of low-cost airlines. But a concentration of market share between two major players in India is bad news for air travellers and ticket prices have already shot through the roof during the peak season. Can the aviation ministry strike a fine balance between oversight and free market pricing?

The winter chill was yet to set in Delhi’s air when Praful Patel was caught off guard by an unusual flare-up in airfares. It was 2010, and Indian airlines had sharply hiked fares ahead of the peak Diwali season. Passengers were upset and the opposition was quick to latch on to the issue. As the union civil aviation minister, Patel was forced to step in. The minister, who was considered pro-private sector and counted Jet Airways’ promoter Naresh

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Eduardo Saverin