With coal oil price going down, the Civil Aviation Administration of China (CAAC) reduced the utmost growth rate of fares for domestic flights from 20 percent to 14 percent today.
It's the first time for CAAC, China's aviation regulator, to lower air fares since November 5 when it started a price rise as much as 20 percent, the morning edition of Shanghai News reported.
The price for aviation coal oil decreased 20 percent since November 1.
After the price adjustment, cost for a Shanghai-Beijing flight of Shanghai Airlines is reduced from 1040 yuan to 1030 yuan, and that of a Shanghai-Guangzhou trip, is cut by 10 yuan to 1160 yuan.
(Eastday.com 02/06/2001)
