New Delhi: Flying is set to get dearer in the coming months. The aviation ministry has cleared a long-standing proposal to hive off air traffic control services as a separate entity — Air Navigation Services Corporation — from the Airports Authority of India. AAI's annual revenue is about Rs 6,000 crore, out of which just less than half or Rs 2,500 crore comes from air navigation services.
With this cash cow gone, AAI will have to raise landing and parking charges for airlines. Airlines will pass their raised costs to flyers in the form of higher fares.
Read News in full 03/02/14 Saurabh Sinha/Times of India
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