Cabinet Clears ₹10,000-Cr ATF Fund to Support Airlines and Protect 77 Lakh Jobs

Union Cabinet has approved a Rs 10,000 crore Aviation Turbine Fuel (ATF) Price Stabilisation Fund to support domestic and international airlines. The intervention comes as jet fuel prices soared 2.5 times due to the ongoing geopolitical crisis in West Asia. Operating through interest-free advances to Oil Marketing Companies (OMCs), this intervention sets a fixed-price mechanism for airlines.