States and Union Territories lowering tax on jet fuel provided a huge fillip to the airline industry: Jyotiraditya Scindia – Airlines/Aviation News | Airlines

Viator – A TripAdvisor Company

The government’s efforts have resulted in 31 states and Union Territories now levying lower taxes on jet fuel, Union minister Jyotiraditya Scindia said on Saturday. This outcome has provided a huge fillip to the airline industry, which was seeing a V-shaped recovery after the COVID-19 pandemic, he added.

Stressing that the civil aviation sector provides enormous economic multipliers, he also said that greater connectivity has led to greater economic development.

He said that after becoming the civil aviation minister, he reached out to various states and UTs to reduce the value-added tax (VAT) on jet fuel.

At that time, only 12 states and UTs were having 1-4 per cent VAT on the jet fuel, he said and added that the rest were charging between 20 and 30 per cent. Today, the minister said, 31 states and UTs are charging a VAT of 1-5 per cent on ATF.

During the COVID-19, the civil aviation sector was greatly impacted, and flight services were stopped for a certain period.

After the pandemic, the sector has rebounded nicely. The domestic air traffic is showing upward movement. Greater connectivity has led to more prominent economic growth.

For example, in Srinagar, due to the lowering of the tax on ATF, the earnings have gone up by 25-30 per cent, the minister said. He was speaking at an event organised by the society Rambhau Mhalgi Prabodhini.

For an airline, Air Turbine Fuel (ATF) accounts for around 40 per cent of the operational costs…

read more

We use income earning auto affiliate links. More on Sponsored links.

> Cheap Flights and Hotels!
Several ways to buy cheap airline tickets.
- Start searching at least 2 months in advance and sign up for email alerts so you'll always be notified when flight prices drop.
- Budget airlines typically offer the cheapest flights.
- Save money by taking your flight early in the morning or late at night.
- Consider flying on a weekday instead of a weekend.
- Use an aggregator site to compare prices across airlines.
- Once you have found the best trip, select it on the aggregator site and move to the airline’s direct website to book your tickets. Some aggregators allow you to book the ticket through their website, but there may be an additional service fee.
  1. Discover amazing things to do on your vacation! with Viator – A Tripadvisor Company
  2. Save up to 50% on advance bookings with Viator – A Tripadvisor Company
  3. Roam the world Viator helps you explore the world, right from home, with our Roam From Home series of tours and activities

Related Posts

Aviage Systems Partners with Aerofugia Technology to Collaborate in eVTOL Development | eVTOL

What’s new: Aviage Systems, a joint venture between General Electric Co. and state-owned Aviation Industry Corp. of China Ltd., signed a memorandum of cooperation with Aerofugia Technology Co. Ltd. to collaborate on aviation kit design, system integration and airworthiness certification for electric vertical take-off and landing (eVTOL) aircraft. Aerofugia, a flying car developer backed by automaker Zhejiang Geely Holding Group…

Singapore Officials and Supernal Team to Develop Advanced Air Mobility | eVTOL

Singapore and Supernal Develop Advanced Air Mobility Hyundai subsidiary Supernal is developing a four-passenger eVTOL aircraft Singapore Economic Development Board managing director Jacqueline Poh (left) and Supernal CEO and Hyundai Motor Group president Jaiwon Shin  read more

‘Flying cars’ in PH coming soon | eVTOL

Ask most people about their dream future, and it would likely involve flying cars. From The Jetsons cartoon to the Star Wars movies, we’ve always imagined soaring through the skies riding a car becoming part of everyday life. However, we wouldn’t need to wait longer as more companies are developing flying vehicles worldwide. Case in point, the Philippine News Agency…

Lilium Orders 120 Chargers from Chinese EV Company | eVTOL

Lilium placed an order for 120 chargers from Star Charge, a Chinese electric vehicle (EV) charging station maker.  read more

American Airlines increases bag and pet fees for first time since 2018 | Airlines

RALEIGH, N.C. (WNCN) — One airline is departing from its typical luggage fees — which have remained the same for the past seven years. American Airlines took the leap in prices in several areas with an announcement on Tuesday, the primary one being a $10 jump in the fee for the first checked bag. 4 nonstop flights out of RDU…

Airline industry: Revenge travel fades and New York, Singapore hubs dominate | Airlines

Cities around the world from Bangkok to Detroit are fading from international flight networks as the post-Covid travel boom funnels traffic into more traditional hubs. Across Southeast Asia, pre-pandemic links with Europe have all but vanished as Philippine Airlines Inc., Garuda Indonesia and Thai Airways International Pcl cut flights. Manila and Jakarta, for example, have no direct services to London…