What is "flex faring" and which markets does it occur in?

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what is "flex faring" and which markets does IT occur in?this question is part of trvl e learning october 2014 day 6

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Flex-faring is mixing a refundable fares and non-refundable in the same reservation. It is used in Australia, New Zealand, India and the European Scandinavian/Nordic countries.

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What is "flex-faring" and which markets does it occur in?

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