India, June 3 -- Air India on Wednesday welcomed the Centre's Rs.10,000-crore fund to help keep aviation fuel prices stable. The airline said the decision would provide much-needed support to the aviation sector and help airlines maintain connectivity during a period of high fuel price volatility.

This came after the Union cabinet, chaired by Prime Minister Narendra Modi, approved a one-time support package to help keep ATF (aviation turbine fuel) prices stable for scheduled Indian airlines. This follows a sharp increase in global aviation fuel prices linked to the ongoing war in West Asia.

On X, the airline said it "warmly welcomes and deeply appreciates" the government's decision.

"This progressive measure provides a much-needed supp...