Hyderabad, March 19 -- Airfares between India and the United Arab Emirates (UAE) could see a reduction of up to 20 percent if air travel capacity doubles over the next five years.

According to a report by CNBC-TV18, UAE Ambassador to India Abdulnasser Alshaali highlighted that such a decrease in ticket prices could lead to savings of up to 1 billion US dollars for Indian consumers.

Alshaali revealed that the UAE has proposed a 4:1 air connectivity arrangement with India. Under this proposal, Indian airlines would be allowed to operate four additional flights or increase seat capacity for every additional flight or seat granted to UAE carriers.

However, the ambassador noted that this initiative would be temporary and subject to adjustme...