India offers $1.6 billion to support domestic airlines

India is planning a rescue package worth as much as $1.6 billion for the country’s aviation sector, as result of the Covid 19 pandemic, according to Reuters. The Finance Ministry is considering a proposal that includes temporary suspension of most taxes levied on the sector, including a deferment of aviation fuel tax, said the sources, who have direct knowledge of the matter. The rescue package, proposed by India’s civil aviation ministry, is likely to be worth up to 100-120 billion rupees ($1.3-$1.6 billion), Reuters reports. Vistara, a joint venture of Singapore Airlines SIAL.SI and India’s Tata Group, and budget carrier GoAir have