Airlines seek cut in ATF taxes

Mumbai: To create a sustainable business and drive aviation growth in the country, say airlines, the Centre needs to realign the taxes with other markets.
Airlines say that petroleum companies and the government account for close to 55-60 per cent of their costs, on which they have no control. Jet fuel or aviation turbine fuel (ATF) alone accounts for 42 per cent of an airline's cost in India.
The recently-formed Federation of Indian Airlines has taken up some of these issues with the Union finance minister and petroleum minister but airlines aren't happy with the response. "They all say we will look into it," says an airline CEO who didn't wish to be identified.
14/01/07 Hindustan Times

To Read the News in full at Source, Click the Headline