Mumbai: Sun-group owned SpiceJet is the first Indian aviation company to have begun a pilot project to directly import aviation turbine fuel (ATF).
Sources aware of the development said as part of the pilot project, the airline has signed an agreement with Reliance Industries which will extend quality control services at their coastal terminals for ATF imported by SpiceJet
.
"ATF was pumped in the tank few days ago. We bought fuel from another importer but eventually will import it ourself. It is not practical for us to create infrastructure. We only need the ATF. We hope the direct import will save our costs by about 10%,'' a SpiceJet executive said.
He added the airline had tied up with RIL for technical support including fuel testing, quality and safety issue. Eventually the airline hopes to import 15% of its fuel requirement. Importing aviation fuel will also help the airline save sales tax which varies between 20-25% of fuel rate.
Read News in Full 10/09/13 Kalpana Pathak & Aneesh Phadnis/Business Standard
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