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.
Tag: Airports Economic Regulatory Authority
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AAI eyes Rs.1,500 cr profit this fiscal
After the Airports Economic Regulatory Authority (AERA) revised the airport tariffs, the Airports Authority of India (AAI) is expecting a net profit of Rs 1,500 crore this fiscal on account of increase in revenue.
AAI said that it expects to earn a net profit of Rs 1,500 crore as it has seen improvement because of new increased tariff regime of AERA. AAI claimed that the State-run airport operator would not lose any revenue on account of privatisation of six airports, including Kolkata and Chen
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The Bill lacks focus and effective structure
Does the new Bill run the risk of ending up like many other tribunals that were replete with court intervention? Amit Kapur and Vishnu Sudarsan evaluate why the currently drafted Dispute Resolution Bill, which is understood to have reached the PMO
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A real estate game
The progress of Indian airports from aero- to non-aero-heavy revenue model may happen sooner than we thought. On the one hand Indian airports that are finally looking world-class even lavish and opulent, some say while airlines are cutting themselves down to size and not thinking beyond low-cost.
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Delhi Intl Airport seeks development fee extension
GMR Infra-controlled Delhi International Airport is seeking an extension of the airport development fee (ADF), a proposal for which is pending with the Airports Economic Regulatory Authority, after banks refuse to lend further.