Consequently, air travel from Delhi to remote areas will be cheaper. Airline stocks rose by up to 3% on a single day. Share price of Jet Airways soared 3.07%, SpiceJet climbed 2.86% while InterGlobe Aviation rose 2.26% per cent on BSE.
Presenting the Delhi budget for 2017-18, Deputy Chief Minister Manish Sisodia said the cut in VAT on ATF will be applicable for direct flights between Delhi and remote areas identified under the RCS scheme as per prescribed conditions.
Sisodia, who holds the finance portfolio, said the decision to cut the VAT on ATF will benefit people from the North East and other remote areas as fares under RCS will come down significantly.
Delhi - Guwahati. Date of travel - 31 /03/17
-Hand Baggage Only.
-Stops at Kolkata.
-Dep Delhi 05 :55 Arr Kolkata 08 :05; Dep Kolkata 13 :30 Arr Guwahati 14 :35
-Total Flight duration 08 h 40 m
-For INR 3,691/- only at NC Airways.
Others are -
-Dep Delhi 08 :20 Arr Kolkata 10:25; Dep Kolkata 12:40 Arr Guwahati 13:55
-Total Flight duration 05 h 35 m
-For INR 4,062/-
Vistara (UK - 868)
-Complimentary Meals and Beverages
-Dep Delhi 10 :15 Arr Guwahati 12 :45
-Total Flight duration 02 h 30m
-For INR 4,230/-
Possibility of airfares becoming cheaper hereafter.