Why in News? 

• Launched by: Ministry of Civil Aviation; implemented by Alliance Air (Govt-owned regional carrier). 
• Objective: Reform dynamic pricing with transparent, stable, and affordable fares for regional routes. 
• Key Features: 
  • Fixed Fare System: One constant fare — even for same-day bookings. 
  • Supports UDAN Mission: Promotes affordable air travel for middle and lower-middle classes. 
  • Passenger Benefits: Predictable travel cost, reduced booking stress, boost to first-time flyers. 
• Sector Snapshot: 
  • India: 3rd-largest domestic aviation market (after USA, China). 
  • FY23 domestic traffic: 306.79 million (+13.5% YoY); international: 69.64 million (+22.3%). 
  • Operational airports: 74 (2014) → 157 (2024); target 350–400 by 2047.