Page 4 - Aviation Fuel

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.

GMR Airports, Airbus collaborate to study on sustainable aviation fuel

Airport operators Groupe ADP and GMR Airports together with Airbus, Axens and Safran have signed a MoU to conduct a joint study on Sustainable Aviation Fuels (SAF)

SpiceJet, GMR group announce sustainable aviation fuel initiatives

Globally, International Air Transport Association has set a target for airlines to achieve net zero emissions by 2050

IndiGo 'in talks with Central govt' to bring aviation fuel under GST ambit

IndiGo's full-time Director and Chief Executive Officer Ronojoy Dutta urged the Central government to bring the Aviation Turbine Fuel (ATF) under goods and service tax (GST) ambit

Scaling new highs: ATF past Rs 100,000-mark for first time in history

Airlines unlikely to pass on Jet fuel price hike to customers

Adversely impacted by ATF price hike; should bring it under GST: IndiGo CEO

The government should bring aviation turbine fuel (ATF) under the Goods and Services Tax (GST) and make flying affordable for consumers and viable for airlines: IndiGo CEO Ronojoy Dutta

Financial viability important for starting new overseas flights: Vistara

With fuel cost being higher, we have to review where we should be looking at for additional operations, said Vistara's chief Vinod Kannan

India expects fuel demand to grow 5.5% in the next fiscal year: Govt data

Consumption of aviation fuel would likely increase by nearly 50% to 7.6 million tonnes, compared with the revised estimate of 5.1 million tonnes for the year ending March 2022