Indian Oil (IOC) might offer minority equity stakes to domestic airlines in its proposed sustainable aviation fuel (SAF) production plant in Panipat, Haryana.
This proposal was mooted at a meeting chaired by Rajiv Bansal, secretary in the Ministry of Civil Aviation, on Monday that was attended by representatives of airlines, oil marketing companies, and government officials.
In a statement, IndiGo said it was evaluating IOC’s proposal following the recent discussion. Other airlines didn’t respond to emails.
