India is one of the fastest growing aviation markets in the world. The traffic growth, in the last three years, has been in the range of 16-18 per cent per annum. India is expected to be amongst the top three aviation markets in 2020 along with the US and China.
Tag: AERA
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In a sweet spot
First the good news! The economy's doing well, the stock market's touching new peaks and Indians are flying like never before.
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Indian airports facing severe capacity crunch
Amber Dubey, Partner and India Head of Aerospace & Defence, KPMG feels that a tough relook is required at the Land Acquisition, Rehabilitation and Resettlement (LARR) Act, 2013, as it has made land acquisition for public infrastructure projects such as airports impossible.
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Aviation Ministry mulls role for private players in building airports
The Aviation Ministry is considering auctions for its future airport contracts to private operators after setting fixed tariffs. This move may enhance the number of potentially serious bidders and shield passengers against arbitrary increases in user fees.
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MIAL eyes development fee to fund two metro stations
Mumbai International Airport Limited (MIAL) has approached the Airports Economic Regulatory Authority (AERA) with a plea to levy a development fee of `50 per embarking domestic passenger and Rs.100 per embarking international passenger.
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Poised for strong growth
Private players have a pivotal role in the modernisation of airports. Timely determination of policy framework with respect to user development fee for the airports involving PPP will serve as the primary force for drawing private developers.
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What lies ahead?
The Indian infrastructure sector has been snowed under unfavourable macroeconomic variables and project level stress over the past couple of years. The slowing economy had an adverse impact on the transportation sector, particularly the projects in the early ramp-up stage.
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AERA abolishes UDF at Hyd Airport
The Airports Economic Regulatory Authority (AERA) abolished the user development fee (UDF) at the Hyderabad airport. AERA concluded the decision after considering various aspects of the airportĂÂŽs operations, including the investments made by the airport operator, land allocation, traffic trends and earnings. As a result, the cost of flying at Rajiv Gandhi International Airport Hyderabad will be cheaper from 1 April 2014 till 31 March 2016 for both domestic and inter-ĂÂĄnational embarking passenger
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There is no unpredictability in our regulation
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.
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India Airports 2011 Infra around airports needs major boost: Experts
Investment opportunities of $110 billion are being envisaged up to 2020 with $80 billion towards new aircraft and $30 billion towards the development of airport infrastructure, according to the Investment Commission of India. But are the new aircraft and big development plans likely to materialise? A report on the conference held last month in Delhi.
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