K'fisher gets approval to import jet fuel

Move would reduce operating cost to significant extent

PTI | April 19, 2012



After SpiceJet, cash-strapped Kingfisher Airlines Thursday said it has received official approval to directly import jet fuel, a move that would help it reduce its operating costs to a significant extent.

"Kingfisher Airlines has received authorisation from the Director General of Foreign Trade (DGFT) for the import of aviation turbine fuel on April 11 and we are taking active steps to initiate the process of ATF import," an airline spokesperson said.

Mallya's airline is the second domestic carrier to have received DGFT approval for ATF import after budget carrier SpiceJet. Air India has also applied for such approval.

The airline was negotiating with leading oil marketing companies and was hopeful to start importing fuel in due course, SpiceJet's chief executive Neil Mills said, adding that the airline industry would benefit from direct imports of fuel due to high ATF prices here.

A mix of taxes levied by state-run oil marketing companies and the state governments make jet fuel prices in India among the highest in the world.

Currently, fuel costs account for almost half of an airline's total operating costs.

Comments

 

Other News

Who checks the books?

I read about the news about the Coimbatore library over coffee this morning. On the face of it, the headline was about a political ‘war’ between the DMK and TVK. But what stayed with me was something much more important than the blame game behind what had transpired. A writer walking through

Development paradox: Falling poverty miracle and an inequality problem

India’s reduction in poverty over the past decade is a development achievement of considerable significance. The World Bank’s April 2026 ‘India Development Update’ estimates that the share of Indians living below the international extreme-poverty line of $3.00 per person per day i

In Arunachal, a river we call mother

In Arunachal Pradesh, the Siang is not just a river. For many of us, especially the Adi people, it is part of our family. Our grandparents fished in it. Children learned to swim in it. Our farms drink from it. When someone says a huge dam will be built on it, we do not hear the word "project".

A new retelling of the Mahabharata delves into key moments

In a time when every decision carries consequences and questions of ambition, power, loyalty, identity and moral choice continue to shape our lives, Dr. Arun Krishnan’s new book, ‘Mahakshana’ (Penguin India) offers a strikingly relevant retelling of the Mahabharata.  

Cabinet approves viability gap funding to develop grid-scale energy storage systems

The Union Cabinet, chaired by PM Narendra Modi, has approved the Viability Gap Funding (VGF) Scheme for Development of Grid-Scale Energy Storage Systems, with a total financial support of Rs.14,500 crore for the period FY 2026-27 to FY 2030-31. The scheme aims to support the development o

Cabinet creates a pathway to absorb Agniveers in Defence Forces

An objective assessment in terms of organisational requirements and operational efficiency has brought out the outstanding performance of Agniveers in terms of skills, motivation levels, physical fitness and technological prowess. As envisaged earlier, based on merit, 25% of Agniveers will be offered reg

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter