Policy● Neutral for Indian equities
Government may review ₹10,000 crore ATF fund as airlines show no interest
The brief
- The Union Cabinet approved the price stabilisation fund in June
- Airlines have stayed away from the scheme
- A review could affect support for Indian airlines and oil marketing companies amid fuel-price volatility
- West Asia Crisis: FIA Flags 'Unprecedented' Financial Impact On Airlines, Seeks Urgent Govt Intervention
- Government in talks with airlines and oil companies over high jet fuel prices
- IndiGo gains market share, but Mumbai airport-airline standoff remains a key risk
- Naidu says India could have its first indigenous civilian aircraft within two years
- Airlines urge govt to unlock delayed ECLGS funds