Kingfisher says begins jet fuel import process

"Kingfisher Airlines has received authorisation from the Director General of Foreign Trade for the import of aviation turbine fuel on 11th April, 2012 and we are taking active steps to initiate the process of ATF (aviation turbine fuel) import," the company said in a statement.

India in February formally allowed local airlines to import jet fuel directly, in a bid to bring down costs for carriers in a country where the fuel is more than 50% costlier than the global average, mostly due to local taxes.