mumbai jun 13 aviation stocks today declined by up to 3 per cent amid a slew of passengercentric proposals which may hit the airlines bottomline shares of jet airways dropped 315 per cent to settle at rs 55075 on bse among others interglobe aviation fell by 220 per cent to rs 97695 and spicejet went down by 102 per cent to end at rs 6310 limiting exorbitant air ticket cancellation fee up to fivefold hike to rs 20000 in compensation for denied boarding and steep reduction in excess baggage fee are among a slew of steps proposed by government on saturday in a move that will give fliers some reason to cheer aviation experts however criticized the proposed changes and said it could reverse the engine of growth in the aviation market which grew fastest in the world last fiscal amber dubey partner and india head of aerospace and defence at global consultancy kpmg said that the proposals would have a direct bearing on airlines bottomline the changes in the rules mooted by the civil aviation ministry that will cover domestic and international flights involving indian carriers come against the backdrop of complaints by passengers and cancellation and delays of over 4000 and 63400 flights respectively last year the government has given a twoweek time to stakeholders to submit their suggestions and comments before finalising and implementing the new norms suggesting a slew of passengercentric measures the civil aviation ministry said airlines will have to refund all statutory taxes levied in the event of flight cancellations in case of checkedin baggage the airlines would be charging rs 100 per kg for baggage weight in excess of 15 kg up to 20 kg at present rs 300 is levied for every kg of baggage beyond the 15kg limit with regard to denied boarding mainly due to overbooking the government has proposed compensation up to rs 20000 subject to certain conditions sum abi