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AAI, RIL to form JV for jet fuel supply
April 17, 2013April 17, 2013by In Oil & Gas

AAI, RIL to form JV for jet fuel supply

To supply jet fuel to carriers at reduced prices, Airports Authority of India (AAI) will form a joint venture (JV) with local airlines and oil companies and Reliance Industries (RIL) will be a part of it, AAI's Chairman VP Agrawal said on April 16. The Airports Authority of India will own a 13 per cent stake in the JV and the rest will be held by oil companies and airlines, he said.