Aviation: Jayant Sinha urges FiMin to bring ATF under GST
Despite being one of the fastest growing domestic aviation markets in the world, local carriers have been facing tough business conditions, especially with surging oil prices and depreciation of the rupee. As players look to woo more passengers with cheap fares, airlines have not been fully able to increase ticket prices.
ATF constitutes approximately 35-40 per cent of operational cost of an airline in India. Image source: Reuters