Summary:

A 25% reduction in landing and parking fees is one of the relief measures the Indian government has proposed for domestic airlines in an effort to mitigate the growing operational costs brought on by rising fuel prices worldwide and the West Asia crisis. According to Civil Aviation Minister Ram Mohan Naidu, the action is intended to guarantee reasonably priced travel while preserving industry stability. For a period of three months, the Ministry has instructed AERA and AAI to carry out the decrease at both major and minor airports. Airlines are anticipated to save about Rs. 400 crore as a result of the policy. In order to ensure financial stability and ongoing support for the aviation industry, it will assist alleviate pressure on the cost of aviation turbine fuel. Any loss in airport revenue will be rectified subsequently.

Source: IBEF

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