'Much-needed support’: Air India on Centre’s ₹10,000-crore aviation fuel price relief package

The government has approved a substantial ₹10,000-crore relief package to stabilize aviation fuel prices for airlines, as global oil costs surge. This move is crucial as it helps mitigate the financial strain on carriers like Air India, which are feeling the pinch from escalating fuel expenses. This intervention is timely given the geopolitical tensions affecting oil supplies, particularly from West Asia, which have driven up prices worldwide. The government's support is seen as a much-needed measure to ensure the aviation sector's stability and continued operations amidst these challenges.