Friday, September 29, 2006

Patel to take up ATF price issue with oil ministry

New Delhi: Civil Aviation Minister Praful Patel on Thursday assured the chiefs of all major carriers of steps to reduce the ATF prices in line with the global prices.
Mr. Patel said he would take up the issue of high ATF prices being charged by oil companies and the irrational tax structure on it with the Petroleum Minister and the Finance Minister, respectively.
Mr. Patel said the ATF prices came to about 45 per cent of the operational cost of an airline. High incidence of tax on ATF was also a cause for concern, he added.
All major airlines, including Jet and low-cost Air Deccan and SpiceJet, have reported losses cumulatively running to about Rs. 600 crore.
29/09/06 The Hindu
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