“Private airlines should manage their own finances”
Union Minister for Civil Aviation Vayalar Ravi has said “the Centre has no plan for any package to salvage the crisis-ridden Kingfisher Airlines.”
Talking to The Hindu here on Saturday, Mr. Ravi said “it is for the private airlines to manage their finance and other affairs and the government cannot do anything for a particular company because the aviation industry as a whole is facing a crisis.”
“This is mainly because of the high price of aviation fuel and the high sales tax of 30 per cent charged on it by the State governments.”
Mr. Ravi said he had written to the State governments to bring down the sales tax on aviation fuel from 30 per cent to 4 per cent.