Amid rising global crude oil prices leading to a surge in Aviation Turbine Fuel (ATF) costs, the Government of India has taken strategic steps to cushion domestic airlines from financial stress. Earlier, the increase in ATF prices for domestic carriers was capped at 25%, limiting the impact of global price volatility.
Further, the Ministry of Civil Aviation has announced a 25% reduction in landing and parking charges at major airports for a period of three months. This move aims to reduce operational costs and prevent a sharp rise in airfares, thereby supporting both airlines and passengers.
APSC Relevance: Important for economy, aviation sector and government intervention policies.
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