NEW DELHI, March 26 (Reuters) - Airports Authority of India
(AAI) will form a joint venture with local airlines and oil
companies to supply jet fuel to carriers and Reliance Industries
will be a part of it, its chairman V.P. Agrawal said
The supply of jet fuel to carriers through the three-way
joint venture is expected to reduce fuel costs of local carriers
by at least 10 percent, Agrawal told reporters on the sidelines
of an aviation conference.
Airports Authority of India will own a 13 percent stake in
the joint venture and the rest will be held by the oil companies
and airlines, he said.
(Reporting by Anurag Kotoky; Editing by Anupama Dwivedi)