BUSINESS

Minister to raise ATF price rise with PM

Source:PTI
June 02, 2008 17:33 IST

Expressing unhappiness over the rise in aviation turbine fuel prices, Civil Aviation Minister Praful Patel said on MOnday he would raise the issue with Prime Minister Manmohan Singh.

Patel said the airline industry has been suffering a lot because of the increase in fuel prices and have expressed their helplessness in dealing with the situation.

The minister said he would make a presentation to the prime minister and Finance Minister P Chidambaram about the difficulties being faced by the airline industry.

"We are extremely unhappy over the ATF price rise and we are taking a serious note of it," Patel told reporters.

The minister said the airlines have also conveyed their inability to pass on the burden entirely on the customers.

"Some airlines have informally told me that they are contemplating to either prune or rationalise their services.

These are very serious issues the airline industry is facing and this shows that things are not well with the industry," he said.

Unlike the past, air travel is no more a luxury but a necessity and the hike in ATF prices would have a 'multiplied effect', he said".

Source: PTI
© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

NEXT ARTICLE

NewsBusinessMoviesSportsCricketGet AheadDiscussionLabsMyPageVideosCompany Email