Airlines shun Rs 10,000-crore ATF subsidy
Synopsis A Rs 10,000-crore jet fuel price stabilisation programme has failed to attract any airline sign-ups. The scheme, designed to shield carriers from surging fuel
Synopsis A Rs 10,000-crore jet fuel price stabilisation programme has failed to attract any airline sign-ups. The scheme, designed to shield carriers from surging fuel costs, lost its appeal as international oil prices declined. Airlines were offered a capped price of Rs 115 per litre, but market-linked rates have since fallen below this, making the voluntary scheme unattractive.
The BriefWire