GMR Group-led Delhi International Airport has announced that Indira Gandhi International Airport (IGIA) has become the worldÂ’s second-best airport in the largest airport category Â— with passenger capacity of over 40 million passengers per annum (MPPA) Â— as per the Airports Council International (ACI) ASQ 2016 rankings.
GMR Hyderabad International Airport, which operates the Rajiv Gandhi International Airport, has won the Centre for Asia Pacific Aviation (CAPA) ChairmanÂ’s Order of Merit for its focus on environmental sustainability and becoming the first airport in the Asia-Pacific region to become carbon neutral.
The decision of the Government of India to spend $10 billion towards airport infrastructure development is a critical move. India is one the few nations in the globe which has recorded a year-on-year passenger growth of nearly 23 per cent.
What role does the regulator have to play in an environment where the airlines and the airports would all like to raise tariffs and expand business? Yashwant Bhave, Chairman, Airport Economic Regulatory Authority of India (AERA),explains how his team determines tariffs and development fees, and why it is fair on everybody.