Austria to introduce 40-euro minimum flight price
[VIENNA] Austria's government announced Monday it would introduce a 40-euro (S$63) minimum price for flights in order to combat "social and environmental dumping" in the aviation industry.
At a press conference announcing a government-backed rescue package for Austrian Airlines, Environment Minister Leonore Gewessler said: "It will no longer be possible to offer tickets which are cheaper than the actual costs," referring to the social and environmental impact of the industry.
AFP
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
CDL, Hong Realty trump 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot
Evergrande’s liquidation prompts some PwC partners to shield assets, contemplate divorce
Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein