The ATF price stabilisation mechanism will operate for 36 months, subject to annual review or until the support amount is fully recovered, whichever comes first. Reeling from the high cost of aviation turbine fuel (ATF) since the start of the West Asia conflict in March this year, scheduled Indian carriers are in for some relief...
Tag: aviation fuel
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Air India hopes to meet govt set fiscal targets
Air India CMD Rohit Nandan has stated that despite an unexpected increase in aviation fuel cost and wild fluctuation of rupee against the dollar, the national carrier is hopeful of meeting its financial targets in the second quarter of this fiscal. The company has managed to bring its losses down to about Rs 11 crore per day from around Rs 50 crore per day, he added.