New Delhi — June 3, 2026: The Indian aviation sector, currently battered by a severe geopolitical storm in West Asia, has just been thrown a massive financial lifeline. In a bid to prevent skyrocketing airfares and grounded fleets, the Union Cabinet, chaired by Prime Minister Narendra Modi, today approved a massive ₹10,000 crore (USD 1.04 Billion) Price Stabilization Fund tailored specifically for Aviation Turbine Fuel (ATF).