In the times of financial meltdown and rising oil prices, the aviation industry had to suffer a lot. Since it seems that the industry is finding it hard to pay dues to the airports, it has called for government intervention to pay it in installments, in the same manner as they have been allowed to pay for the fuel. 

With the aim to support the economy in the times of financial crisis, a set of recommendations, including further cut in key interest rates were planned on Sunday by the leading industry body, the Confederation of Indian Industry (CII). 

A statement issued by the chamber said, "It is necessary to further reduce repo rate by at least 50 basis points and in CRR (cash reserve ratio) by 150 bps to ensure adequate liquidity and reasonable cost of funding."