India’s Director General of Civil Aviation (DGCA) on Tuesday asked Chennai-based low-cost carrier (LCC) SpiceJet to stop selling tickets at rock-bottom fares. The airline, which launched a fare sale last weekend, offered tickets at prices starting from Rs 1. The announcement caused its website to crash after it was unable to cope with the resulting traffic. SpiceJet on Wednesday defended its position, saying market stimulation with low fares is an essential strategy for LCCs. “As ...

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