Hyderabad: GMR Hyderabad International Airport Ltd is considering challenging the regulator's order scrapping the user development fee at Rajiv Gandhi International Airport here, a group official said today.
The order by the Airports Economic Regulatory Authority (AERA) will have a negative impact on the company’s financials, said Siddharth Kapur, chief financial officer of GMR Infrastructure’s airport business.
“We are looking at all options, including high court. There is an option of going to the appellate authority. We are also looking at going to high court. Within 30 days of the order, we will have to appeal,” Kapur told reporters on the sidelines of India Aviation 2014.
The regulator on February 25 issued the order scrapping the UDF from April 1. The fee is being collected at the airport operated by GMR Group.
The order was issued after wide consultations with all stakeholders to determine tariffs in respect of the airport for the five-year period ending March 31, 2016.
Read News in full 13/03/14 Business Standard
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