Indian airlines have welcomed the Government’s decision to approve a ten-thousand-crore-rupee Aviation Turbine Fuel (ATF) Price Stabilisation Fund, saying it will provide much-needed support to the Indian aviation ecosystem. The Union Cabinet had yesterday approved one-time budgetary support of ten thousand crore rupees for Oil Marketing Companies to provide ATF price stabilisation support to Indian Airlines for their domestic and international operations. The support will be provided to companies to facilitate stable ATF pricing for airlines during the ongoing period of exceptional fuel price volatility arising from the West Asia crisis.

 

In a statement, Air India appreciated the Government’s decision to introduce Aviation Turbine Fuel (ATF) price stabilisation support. It said that this progressive measure provides much-needed support to the Indian aviation ecosystem. Air India said the decision reinforces the Government’s commitment to strengthening connectivity for the people of India while enabling airlines to serve passengers more effectively.

 

Indigo has also thanked Prime Minister Narendra Modi for this important initiative. It said that a stable ATF pricing environment is a significant step towards making air travel more accessible, strengthening regional connectivity, and accelerating the growth of India’s aviation sector.