Wednesday, March 14, 2012

Now, carriers feel ATF import will be costly affair

New Delhi: Civil aviation ministry’s measure to allow domestic carriers to import jet fuel directly has found no takers in the industry. The carriers are, instead, asking the ministry to bring aviation turbine fuel (ATF) under ‘declared goods’ category.
In a recent meeting, the airlines have told senior aviation ministry officials that they can not import ATF directly due to unavailability of infrastructure and setting up their own infrastructure would incur huge cost. “They (airlines) have made it clear that the notification in this regard (allowing direct import of ATF) would not be of any help and want ATF to be put under declared goods category,” said a ministry official.
Interestingly, the commerce ministry had last month notified direct import of ATF by airlines only after the companies made a strong pitch for it to prevent shooting up of ATF prices in wake of higher local levies.
14/03/12 Parul/Financial Express
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