Low-cost carrier SpiceJet yerterday (April 02, 2012), said it has applied for permission from the Director General of Foreign Trade ( DGFT) for import of aviation turbine fuel.
SpiceJet is the first airline in the country to apply for approval for import of ATF, an airline spokesperson said.
'We hope that direct import of aviation fuel will bring considerably bring down our operational cost. After discussing the proposal in detail, we decided to go ahead with importing of aviation fuel from overseas market. We have applied before the DGFT for permission to import the aviation fuel in India,' said Neil Mills, CEO of SpiceJet.
SpiceJet is not just talking about opportunities but actively pursuing them, he added.
The airline industry is passing through financial crisis. The high operating cost of the sector is largely attributable to the cost of aviation turbine fuel.
The government has allowed direct import of ATF by Indian carriers for their own use.
....more info
SpiceJet is the first airline in the country to apply for approval for import of ATF, an airline spokesperson said.
'We hope that direct import of aviation fuel will bring considerably bring down our operational cost. After discussing the proposal in detail, we decided to go ahead with importing of aviation fuel from overseas market. We have applied before the DGFT for permission to import the aviation fuel in India,' said Neil Mills, CEO of SpiceJet.
SpiceJet is not just talking about opportunities but actively pursuing them, he added.
The airline industry is passing through financial crisis. The high operating cost of the sector is largely attributable to the cost of aviation turbine fuel.
The government has allowed direct import of ATF by Indian carriers for their own use.
....more info