Kingfisher breather: Govt nod for direct fuel import

February 07, 2012 13:36

Just in: In what will come as a relief to the beleagured Kingfisher Airlines, Civil Aviation Minister Ajit Singh has said airlines will now be allowed to import jet fuel directly. The Group of Ministers has also approved a financial restructuring package for Air India, while the cabinet is to take a final view soon. GoM has also agreeed to allow Air India to raise resources by issuing bonds or other means.

Read this report for a clearer picture.

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