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The Civil Aviation Authority of Vietnam has really useful a 3.7-percent improve in home fare caps to allow airways to deal with surging gas costs.
In a proposal it submitted to the Ministry of Transportation, it stated gas prices have risen by 84 p.c since September 2015, when the present caps have been introduceThe value of aviation gas Jet A1 has doubled within the interval from US$61.6 per barrel to $132.6, in response to information from the Worldwide Air Transport Affiliation.
CAAV has proposed hikes ranging between 2.2 p.c for routes of as much as 850 kilometers and 6.6 p.c for these above 1,280 km. Presently, these fares are capped at VND2.2 million ($96.1) and VND3.75 million ($163.8).
In 2019, Vietnam Airways had known as for abolishing the home value caps altogether.
Final month it known as for elevating the caps and gas surcharges. Vietnam is among the few nations on this planet to nonetheless cap airfares.
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