New Delhi, June 3 -- Air India on Wednesday welcomed the Centre's decision to introduce Aviation Turbine Fuel (ATF) Price Stabilisation Fund and hailed it as a "much-needed support" to the Indian aviation ecosystem.

In a post on X, the airline expressed gratitude towards the Ministry of Civil Aviation, the Ministry of Petroleum and Natural Gas and all other relevant authorities for the "timely intervention."

"Air India warmly welcomes and deeply appreciates the Government of India's decision to introduce Aviation Turbine Fuel (ATF) price stabilisation support. We are grateful to the Ministry of Civil Aviation, the Ministry of Petroleum and Natural Gas, and all concerned authorities for this timely intervention. This progressive measure ...