Page 4 - Aviation Fuel

After suffering losses for 3 quarters, IndiGo on a flight path to profit

Cooling fuel prices and rupee depreciation and rising demand could help the country's largest airline by market share to reverse successive quarters of losses

India's big plans for cleaner aviation fuel face a string of hurdles

in Dehradun, scientists are working with partners including Boeing Co. to get global approvals for their biofuel, which is made from waste cooking oil and the seeds of plants

India has potential to produce sustainable aviation fuel: IATA executive

India is among the countries that has the largest potential to produce Sustainable Aviation Fuel (SAF), which will be a key enabler for the global airlines industry in reducing emissions, according to an IATA executive. The International Air Transport Association (IATA) is a grouping of international airlines. Sebastian Mikosz, Senior Vice President for Environment & Sustainability at IATA, on Tuesday also suggested extending incentives for entities to enter the market for production of SAF. At a media roundtable here, Mikosz said that India is one of the countries which has the largest potential in producing SAF. Airlines will buy SAF, which is expected to account for around 65 per cent of decarbonisation and will be a key enabler in reducing emissions, he added. For production of SAF, there should be access to feedstock like biomass, he said and added that environmental problem has to be tackled at the global level. Earlier in the day, Civil Aviation Secretary Rajiv Bansal said

Govt looking at mandating jet fuel blending with sustainable fuel: Official

The government is working on mandating blending of jet fuel with sustainable aviation fuel as the country works on ways to reduce emissions, Civil Aviation Secretary Rajiv Bansal said on Tuesday. "We are committed to reducing emissions by fossil fuels... the (civil aviation) ministry is working closely with the ministry of petroleum and natural gas on the issues related to Sustainable Aviation Fuel (SAF)," he said. He was speaking at the IATA Aviation Energy Forum here. The International Air Transport Association (IATA) is an international grouping of airlines. Bansal said both ministries are working to mandate a certain percentage of blending. "... that is still work in progress. We do realise that unless we mandate over a period of time, demand will not be created," he added. Elaborating on SAF, he said there are two important things -- the feed stock and production. "Do we have as a country adequate feedstock for producing SAF? Are there technologies in place, proven, time-test

SpiceJet posts highest ever quarterly loss amid high fuel prices

The airline has raised Rs 210 crore from the government's Emergency Credit Line Guarantee Scheme (ECLGS) this year

Akasa Air to fly with 15 fewer seats due to supply chain woes

The airline expects the issue to be resolved in 6-9 months

Centre slashes windfall tax on domestic crude oil, increases on ATF export

At its seventh fortnightly review, the government hiked the tax on the export of ATF to Rs 5 per litre from Rs 3.50

IndiGo asks MoCA to extend wet lease period for wide body aircraft

A wide body plane like B777 has a bigger fuel tank than narrow body aircraft like A320, which allows the former to traverse longer distances

Jyotiraditya Scindia urges states and UTs to reduce tax on jet fuel

Union Civil Aviation Minister Jyotiraditya Scindia on Tuesday said there is a huge demand for air travel after the pandemic and urged eight states and Union Territories to reduce the tax on jet fuel. Air traffic growth will be driven by smaller cities, he said while speaking at the Civil Aviation Ministers' conference in the national capital. Domestic air traffic is inching closer to pre-Covid level and in recent times, the daily passenger numbers crossed the four lakh mark twice. Scindia said that Value Added Tax (VAT) on jet fuel is still high in eight states and Union Territories in the range of 20-30 per cent and urged them to reduce the rate. Jet fuel cost accounts for a significant part of an airline's operational costs. The minister requested Goa, Assam, Delhi, Maharashtra, West Bengal, Rajashthan, Bihar and Tamil Nadu to reduce the VAT on Aviation Turbine Fuel (ATF). "New growth to come from Tier 2 and 3 cities," he said and emphasised the need to bring down entry barrie

Centre launches indigenously-developed aviation fuel AVGAS 100 LL

Puri said that the launch is important to serve the needs of a thriving aviation industry with increase in footfall at airports, rise in number of aircraft and for pilot training in future

Akasa Air grounds B737 Max aircraft after noticing engine fuel leak

Carrier operating with three planes, will source spare parts to repair the engine fuel pump

Air India signs deal with Willis Lease Finance to replace 34 old engines

Air India has 113 planes in its fleet currently. Its narrow-body fleet comprises 70 aircraft, of which 54 are in service

Race for net-zero emissions: Indian airlines take off on sustainable fuel

GREEN DEAL: Air India, AirAsia India, Vistara ink MoU with CSIR-IIP for sustainable aviation fuel

SpiceJet reports combined loss of Rs 1,247 crore in Q4FY22 and Q1FY23

SpiceJet incurred net losses of Rs 316 crore, Rs 934 crore, and Rs 998 crore in FY19, FY20, and FY21, respectively

Govt issues corrigendum to withdraw excise on ATF for international flights

Indian Oil had begun levying 11% duty following a govt notification; ATF accounts for 40% of an airline's operating expenses

Fuel exports rise in FY23; refiners stay healthy despite addl excise

Hike in excise duty on fuel was imposed after private refiners made a killing exporting the dirt cheap Russian fuel available to them at elevated prices

Qantas Airways, Airbus to make $200 million sustainable fuels investment

The planemaker and airline plan to invest as much as $200 million to accelerate the adoption of SAF in the country, they said Sunday

Jet fuel prices at all-time high with 5.3% hike; 10th increase this year

The price of aviation turbine fuel (ATF) was hiked by Rs 6,188.25 per kilolitre, or 5.29 per cent, to Rs 1,23,039.71 per kl (Rs 123 per litre) in the national capital

AirAsia India evaluates fuel savings from taxibot on two modified aircraft

After modifying two of its A320 aircraft, AirAsia India had on November 23 last year started using taxibot to tow them at the Delhi international airport

Aviation fuel prices rise by 3.22% to record the steepest hike of all time

Jet fuel prices on Sunday were hiked by 3.22 per cent -- the ninth straight increase this year -- to an all-time high, reflecting a surge in global energy prices.