Indian Aviation Industry Is ‘Chronically Ill’, Says IndiGo CEO
IndiGo CEO requests the Central Government to bring immediate relief measures to save Indian airlines. IndiGo calls for a reduction in taxes and eliminate customs duty on repair parts.
Highlights:
- Aviation pays 21% of its revenues to the Government as indirect taxes.
- IndiGo CEO requests the Government to bring ATF under GST and reduce the jet fuel tax from 11% to 5% in the Union Budget 2022-23.
- CRISIL ratings estimated a collective loss of nearly Rs 20,000 crore for domestic airlines.
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