Airports Authority of India (AAI), in partnership with public-sector oil marketing companies (OMCs), is exploring possibilities to set up common infrastructure for supplying aviation turbine fuel (ATF) across all major airports operated by the state-owned authority. The proposal, once implemented, would help airlines realise their plans to import jet fuel directly. AAI has already held a round of consultations with senior officials from the Ministry of Petroleum & Natural Gas, IndianOil Corporation (IOC), Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited. The authority is mooting to set up a Special Purpose Vehicle (SPV) along with state-owned oil marketing companies to develop common infrastructure to import and store ATF.
A senior official at AAI said, “We are looking at forming a joint venture with OMCs to supply jet fuel. The purpose is to create common infrastructure, which will help in lowering user charges.” He declined to share the details by how much ATF costs are likely to reduce, once such a common structure is put in place. Industry sources indicated that fuel expenses can drop by at least 10 per cent. The proposed SPV would have the mandate to set up fuel farms to be operated on the lines of an open access model across major airports.
12/08/15 Indian Express
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A senior official at AAI said, “We are looking at forming a joint venture with OMCs to supply jet fuel. The purpose is to create common infrastructure, which will help in lowering user charges.” He declined to share the details by how much ATF costs are likely to reduce, once such a common structure is put in place. Industry sources indicated that fuel expenses can drop by at least 10 per cent. The proposed SPV would have the mandate to set up fuel farms to be operated on the lines of an open access model across major airports.
12/08/15 Indian Express
