Aviation companies plan to join hands for importing aviation turbine fuel in a bid to bring down their fuel bills.
A person close to the development said SpiceJet, Air India and Kingfisher Airlines , which had already expressed interests in importing ATF directly, were considering the consortium route to further bring down their costs.
While these airlines plan to import the fuel individually, they may partner in bringing it to India in tankers.
"It'll be more economical to transport the fuel in bulk, rather than in smaller quantities ordered by each airline.
"Oil marketing companies have suggested the airlines to jointly charter ships to save on importing.
"However, we are yet to discuss this and select a service provider who will assist us in ATF import, storage, transport and supply," said an AI executive.
The ailing state-run carrier hopes to save about Rs 300 crore (Rs 3 billion) from direct import of ATF.
The airlines have approached Reliance Industries Ltd to act as a facilitator, after OMCs IndianOil, Bharat Petroleum and Hindustan Petroleum declined to import ATF for them.
12/04/12 Rediff.com
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