New Delhi, April 28 -- Indian airlines have sought urgent assistance from the government as rising aviation turbine fuel (ATF) prices put the industry under extreme stress, warning that they are on the verge of "shutting down or suspending operations."Federation of Indian Airlines (FIA), comprising of Air India, IndiGo & SpiceJet, wrote to Ministry of Civil Aviation (MoCA) requesting urgent support required for ATF pricing to continue airlines operations amid West Asia crisis.
In its letter to the government, FIA seeks t"emporary deferment of Excise duty on ATF, reduction of VAT in key states, and reinstatement of crack band in line with Pre agreed formula."FIA said airline industry in India is under extreme stress and are on verge of clos...