The Economic Times

Air India, IndiGo, SpiceJet seek ATF price relief; say airline industry on verge of 'stopping operations'

Indian airlines Air India, IndiGo, and SpiceJet are in severe financial distress. They warn of halting operations due to soaring jet fuel costs and airspace restrictions. The airlines have urged the government for financial aid and a revised fuel pricing mechanism. They also requested a temporary deferment of excise duty on Aviation Turbine Fuel.