Sun, 17 Jan 2021

China expands domestic route airfare reform

27 Nov 2020, 02:18 GMT+10

Passengers check in at the domestic departure section of Terminal 2 building of the Shanghai Pudong International Airport in east China's Shanghai, Nov. 24, 2020. (Xinhua/Ding Ting)

BEIJING, Nov. 26 (Xinhua) -- The Civil Aviation Administration of China (CAAC) said Thursday that it would liberalize airfares of domestic routes operated by at least three airlines from Dec. 1.

The reform will substantially increase the number of domestic air routes with market-based prices, and the mechanism for the market to determine prices will further strengthen, the CAAC said.

This move will likely continue to tap domestic market demand and accelerate the recovery of the sector.

The CAAC has been boosting reforms on fares for domestic air routes since 2004 and stepped up such efforts, especially since 2013, effectively spurring the vitality of the market. ■

More Asia Pacific News

Access More

Sign up for Asia Pacific News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!