India's major airlines on 'verge of closing down' as high fuel costs sting
4 hours ago
- #fuel costs
- #government policy
- #aviation industry crisis
- The airline industry in India is under extreme stress and may face shutdown.
- Airlines have requested cost caps on aviation turbine fuel and tax relief.
- Concerns exist over possible fuel price hikes by the government post-elections.
- Indian jet fuel pricing is based on import-cost parity, despite domestic production.