The Hindu Business Line : Jet Airways working on hedging ATF policy

Mumbai June 26 On the issue of aviation turbine fuel (ATF), Mr K.G. Vishwanath, Jet Airways' General Manager of Finance, said on Tuesday, "We are currently working out a policy for hedging ATF that should be submitted in a few weeks' time.

"Though there is no official confirmation on import of fuel, if the Government allows it, we would collaborate with some oil companies."

Industry analysts feel that importing fuel would not be a workable proposition because the airlines do not have the infrastructure to store it.

On the other hand, the company attributed the minor increase in the fuel cost in the fiscal year 2007 to the marginal rise in prices.

On the Jet Airways-Air Sahara merger, an amount of Rs 680 crore is reflected as loan and advance to Air Sahara as on March 31, 2007, which the company is confident of recovering "considering the future growth in operations of Sahara Airlines Ltd (now known as Jet Lite (India) Ltd) and its consequential profitability," Jet Airways said in notes to the BSE.

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