Indian airlines warn of near-shutdown

9 hours ago

The Federation of Indian Airlines, representing Air India, IndiGo and SpiceJet, has warned the government that the aviation industry is on the verge of "stopping operations" due to rising fuel costs linked to tensions in the Middle East and disruptions near the Strait of Hormuz. The airlines sought a temporary deferment of the 11 percent excise duty on Aviation Turbine Fuel