India’s jet fuel demand is expected to succumb to the latest headwinds — the mutant COVID-19 variant — as many states in the country impose lockdowns and countries worldwide ban flights, or restrict movements, to and from the South Asian nation to curb the spread of the variant. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “ICRA [Investment Information and Credit Rating Agency] continues to maintain a negative credit outlook on the Indian aviation industry. The outlook reflects ICRA’s view that the financial performance of Indian airlines is likely to remain weak in the near-to-medium term amid weak air traffic,” the agency said recently. The US, UK, Singapore, Kuwait, Canada, France, Australia are among some of the counties that […]