Reduced VAT on ATF to spur growth of aviation industry
AVIATION & AIRPORTS

Reduced VAT on ATF to spur growth of aviation industry

Reduced VAT on ATF to spur growth of aviation industry
The Civil Aviation Ministry said that keeping aviation turbine fuel (ATF) outside the ambit of the Goods and Services Tax (GST) will not restrict traffic growth in the sector as 31 states and union territories have already reduced VAT (between 1 and 5 percent) on it and the five remaining ones are also likely to do so in the near future, lifting the burden of high costs on airlines. The Union Civil Aviation Ministry has been lobbying with the Finance Ministry to bring ATF into the ambit of GST.  If ATF is included as a part of GST, airlines will enjoy the benefit of input tax credit which is currently not applicable as jet fuel is taxed under VAT. 

To boost aviation talent in India, Airbus ties up with IIM Mumbai
European aerospace firm Airbus has signed a contract with the Indian Institute of Management (IIM) Mumbai to provide aviation education to professionals and empower them with industry-ready skills through Airbus Beyond programmes. Under this contract, IIM Mumbai will offer short-term aviation courses to aspiring and working professionals in aviation logistics, supply chain management, operations excellence, cargo handling, strategic procurement, business analytics and digitisation. Under the agreement, IIM Mumbai will organise courses, onboard students and provide infrastructure and logistical support. Airbus will provide trainers and training material from the Airbus Beyond catalogue for short-term courses in the initial phase and co-curate long-term courses and certify trainers in the later phase.
Contact: Airbus
Website: www.airbus.com

Thiruvananthapuram Airport: Special zone for domestic passengers at T2
The Bureau of Civil Aviation Security (BCAS) has granted in-principle approval to provide a special zone for domestic passengers at the international terminal (T2) of Thiruvananthapuram International Airport for entry and exit as the domestic terminal (T1) is set to be demolished as part of the airport’s renovation. The final approval is expected within a month. The airport authorities had earlier submitted a proposal to BCAS for dedicated areas for domestic passengers within the international terminal. Two out of six departure
gates in the international terminal will be allocated to domestic passengers.

FLY91, India's newest airline, hits the skies
FLY91, the newest addition to India’s aviation industry, has begun commercial services. FLY91 is a regional carrier and seeks to enhance air connectivity from tier 2 and tier 3 towns across India. FLY91’s debut in the world’s third-largest civil aviation market comes at a time when India is aiming to ascend as the foremost aviation market globally by the decade’s end. However, Fly91 aims to get into a segment which the government has been trying to push, especially via its regional connectivity scheme called UDAN. The airline has introduced a special fare of Rs 1,991 (all inclusive) which applies to all FLY91 routes.
Contact: Fly91
Email: info@fly91.in  
Website: www.fly91.in

Manipur CM launches helicopter services between Imphal and Ukhrul
Manipur Chief Minister Biren Singh launched helicopter services between the state capital Imphal and Tangkhul Naga-dominated Ukhrul district for passengers under the Regional Connectivity Scheme (RCS) - Ude Desh Ka Aam Nagrik (UDAN) of the Ministry of Civil Aviation. Launching the copter service he said it would ease the troubles while transporting patients and during other emergencies. He said a remarkable milestone in helicopter connectivity has been accomplished. The service fare for Imphal-Tamenglong will be Rs 3,590; Jiribam-Tamenglong Rs 3,590; Imphal-Jiribam
Rs 3,045 and the Imphal-Ukhrul fare will be at the subsidised rate of Rs 2,500.

Reduced VAT on ATF to spur growth of aviation industryThe Civil Aviation Ministry said that keeping aviation turbine fuel (ATF) outside the ambit of the Goods and Services Tax (GST) will not restrict traffic growth in the sector as 31 states and union territories have already reduced VAT (between 1 and 5 percent) on it and the five remaining ones are also likely to do so in the near future, lifting the burden of high costs on airlines. The Union Civil Aviation Ministry has been lobbying with the Finance Ministry to bring ATF into the ambit of GST.  If ATF is included as a part of GST, airlines will enjoy the benefit of input tax credit which is currently not applicable as jet fuel is taxed under VAT. To boost aviation talent in India, Airbus ties up with IIM MumbaiEuropean aerospace firm Airbus has signed a contract with the Indian Institute of Management (IIM) Mumbai to provide aviation education to professionals and empower them with industry-ready skills through Airbus Beyond programmes. Under this contract, IIM Mumbai will offer short-term aviation courses to aspiring and working professionals in aviation logistics, supply chain management, operations excellence, cargo handling, strategic procurement, business analytics and digitisation. Under the agreement, IIM Mumbai will organise courses, onboard students and provide infrastructure and logistical support. Airbus will provide trainers and training material from the Airbus Beyond catalogue for short-term courses in the initial phase and co-curate long-term courses and certify trainers in the later phase.Contact: AirbusWebsite: www.airbus.comThiruvananthapuram Airport: Special zone for domestic passengers at T2The Bureau of Civil Aviation Security (BCAS) has granted in-principle approval to provide a special zone for domestic passengers at the international terminal (T2) of Thiruvananthapuram International Airport for entry and exit as the domestic terminal (T1) is set to be demolished as part of the airport’s renovation. The final approval is expected within a month. The airport authorities had earlier submitted a proposal to BCAS for dedicated areas for domestic passengers within the international terminal. Two out of six departuregates in the international terminal will be allocated to domestic passengers.FLY91, India's newest airline, hits the skiesFLY91, the newest addition to India’s aviation industry, has begun commercial services. FLY91 is a regional carrier and seeks to enhance air connectivity from tier 2 and tier 3 towns across India. FLY91’s debut in the world’s third-largest civil aviation market comes at a time when India is aiming to ascend as the foremost aviation market globally by the decade’s end. However, Fly91 aims to get into a segment which the government has been trying to push, especially via its regional connectivity scheme called UDAN. The airline has introduced a special fare of Rs 1,991 (all inclusive) which applies to all FLY91 routes.Contact: Fly91Email: info@fly91.in  Website: www.fly91.inManipur CM launches helicopter services between Imphal and UkhrulManipur Chief Minister Biren Singh launched helicopter services between the state capital Imphal and Tangkhul Naga-dominated Ukhrul district for passengers under the Regional Connectivity Scheme (RCS) - Ude Desh Ka Aam Nagrik (UDAN) of the Ministry of Civil Aviation. Launching the copter service he said it would ease the troubles while transporting patients and during other emergencies. He said a remarkable milestone in helicopter connectivity has been accomplished. The service fare for Imphal-Tamenglong will be Rs 3,590; Jiribam-Tamenglong Rs 3,590; Imphal-JiribamRs 3,045 and the Imphal-Ukhrul fare will be at the subsidised rate of Rs 2,500.

Next Story
Infrastructure Transport

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

Next Story
Infrastructure Transport

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

Next Story
Real Estate

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?