Lower fare limits to be applicable to premium economy class seats: Aviation Ministry

New Delhi, Oct 11 (PTI) Lower fare limits decided by the government for economy class seats of domestic flights on May 21 would now also be applicable to premium economy class seats, the Ministry of Civil Aviation has said.

However, the upper fare limits set by the government for economy class seats would not be applicable on the premium economy class seats, according to a ministry order dated October 5 which was accessed by PTI.

The Ministry of Civil Aviation (MoCA) had on May 21 placed upper and lower limits on domestic airfares through seven bands, classified on the basis of flight duration, till August 24. Later, it was extended till November 24.

Among the Indian domestic carriers, only Vistara has premium economy class seats in its flights.

Domestic passenger services resumed in India on May 25 after nearly two months of suspension owing to the coronavirus pandemic situation.

Modifying

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Honeywell Cuts Business Jet Deliveries Outlook as Pandemic Hits Aviation | Investing News

MONTREAL (Reuters) – Honeywell Aerospace

on Tuesday cut its outlook for business jet deliveries, but held out hope that most future orders would escape the punishing effect of the COVID-19 crisis that has battered the aviation sector.

Honeywell’s 2020 business aviation outlook forecasts up to 7,300 new business jet deliveries worth $235 billion from 2021 to 2030, down 4% from the same 10-year forecast a year ago.

Yet 80% of business jet operators surveyed in the outlook say their aircraft purchase plans have not been affected by COVID-19, it said.

Corporate planemakers like Canada’s Bombardier Inc

, U.S.-based General Dynamics Corp’s

Gulfstream Aerospace, and France’s Dassault Aviation SA

are closely watching to see if a summer rebound in corporate flights will last and generate demand for new aircraft.

“We are seeing corporate customers expressing interest in growing their fleets so they can fly more executives and others privately, to safeguard

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