Get App
Download App Scanner
Scan to Download
Advertisement

'No Airline Has Used So Far': Government To Review ATF Price Stabilisation Scheme

No airline has opted for the ATF price stabilisation scheme yet as fuel prices ease, prompting the government to review it.

'No Airline Has Used So Far': Government To Review ATF Price Stabilisation Scheme
Govt to review ATF stabilisation scheme as airlines have not opted to use it so far.
(Photo: Unsplash)

The government is set to review its ATF price stabilisation scheme after no airline has come forward to use it so far, the aviation minister said.

“No airline has come forward to use the government's ATF price stabilisation scheme so far”, Aviation Minister said, adding that the government will review the initiative as aviation fuel prices continue to soften. 

Talking to media, the minister said the scheme has not been scrapped, but its relevance will be assessed in view of the current trend in ATF prices.

ALSO READ: Piyush Goyal Says FTAs To Eventually Give India Access To 75% Of Global Trade

On airfare monitoring, the minister said airlines generally follow a dynamic-pricing model under normal circumstances. However, the government can intervene and impose fare caps during extraordinary situations.

He said that the government is also discussing a proposal with the Directorate General of Civil Aviation (DGCA) and airlines to conduct random drug tests of pilots throughout the year.

The minister said the government is considering expanding the existing mandatory dope-testing requirement from 10% to 100%, with random testing carried out during the year.

He stressed that a balance needs to be maintained between strengthening aviation safety and ensuring smooth operations, while reiterating that safety remains the government's priority.

On the Air India Phuket–Delhi flight accident, the minister said the investigation is currently underway and that a preliminary report is expected tomorrow. Further action will be taken based on the findings of the report.

ALSO READ: FLY91 Orders 40 ATR Aircraft In $1 Billion Expansion Bet, Targets 50 Cities

The DGCA is investigating the engine failure reported on an IndiGo Goa–Delhi flight, the minister said.

The government has been urging SpiceJet to expand its operations and strengthen its financial position. According to the minister, the airline has assured the government that it will take the necessary steps.

An FAA team is scheduled to visit India in November to audit the DGCA. The aviation regulator is currently preparing for the audit, the minister said.

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source
Listen to the latest songs, only on JioSaavn.com