{"id":310100,"date":"2020-01-13T12:32:45","date_gmt":"2020-01-13T07:02:45","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=310100"},"modified":"2020-01-13T12:32:45","modified_gmt":"2020-01-13T07:02:45","slug":"civil-aviation-ministry-brings-tax-relief-for-airline-companies-air-travel-may-become-cheaper","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/civil-aviation-ministry-brings-tax-relief-for-airline-companies-air-travel-may-become-cheaper\/","title":{"rendered":"Civil Aviation Ministry brings tax relief for airline companies; air travel may become cheaper"},"content":{"rendered":"<p>Air travel may become cheaper soon as the Ministry of Civil aviation has decided to waive off Fuel Throughput Charges. The FTC was levied on fuel companies by airports across the country for the transportation of jet fuel to airline operators. The exemption can potentially reduce the operational cost of airlines as fuel accounts for the major expense companies have to bear.  Airlines companies may be able to save up to Rs 500 crore in a year as fuel expenses account for approximately 40% of the total expenses incurred by the companies. The FTC varies at different airports and added up with GST and VAT pushes the cost of running airlines higher. The ministry called the move taken to make air travel and air cargo transportation affordable and sustainable.<\/p>\n<p>The Civil Aviation Ministry has decided to compensate all airports as well as the Airport Authority of India for the revenue loss that will occur because of this waiver. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Air travel may become cheaper soon as the Ministry of Civil aviation has decided to waive off Fuel Throughput Charges. The FTC was levied on fuel companies by airports across the country for the transportation of jet fuel to airline operators. The exemption can potentially reduce the operational cost of airlines as fuel accounts for the major expense companies have to bear. Airlines companies may be able to save up to Rs 500 crore in a year as fuel expenses account for approximately 40% of the total expenses incurred by the companies. The FTC varies at different airports and added [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-310100","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/310100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=310100"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/310100\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=310100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=310100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=310100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}