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The aviation industry has undergone a tremendous change in last few decades, and the most significant among them is the introduction of the low-cost carriers. With the changes in economic structure of the country, and travelling behaviour of people, the government of India is considering a revision in the visa rates, which in turn may affect the overall airfare.

In case of a long-haul journey, air travel is often the first choice of travellers. However, now people book This Malaysia-based carrier has recently initiated its operations in India and is the first foreign airline to set up its business in the country.

Stiff competition in the Indian aviation industry has lead to fare wars between low-cost as well as full-fledged carriers. This market has also witnessed a number of twists and turns in the previous quarter. As per Directorate General of Civil Aviation (DGCA) reports, SpiceJet gained substantial market and pushed back the flag airline of the country - Air India - in the ranking orders.

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Domestic travellers had a respite from sky-rocketing air fare with popular carriers giving discounts of up to 50 per cent in the past week. This allowed fliers to get cheapest airfare for flight booking till April 2014.

Travellers often complain about the fact that the cost of flying is extremely unpredictable, and it is virtually impossible to gauge the price of air tickets. People who travel even up to twice each week fail to estimate air ticket prices. There is even a saying in the aviation industry that the rate of a ticket changes even as passengers sum up the entire travel charges like seat reservation, cost of meals and luggage charges incurred during a trip.

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Travelling on flights was initially considered a luxury and a mode of travel only for the rich. There was a time when airfare used to be sky-high and the average middle class did not even try to go for it. However, with the rapid rise of budget airlines, which offer an option of flight ticket booking at nominal rates.

Indigo, the Indian low-cost carrier offering cheapest airfare, has received the government nod for importing Airbus A320s till 2014. As declared by its officials, the airline will bring in 28 new models in the next two years, which will surely strengthen its fleet size. This step will definitely lower the ticket prices and thus, enable this LCC to reach to more and more passengers.

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