The Airport Economic Regulatory Authority of India (AERA) has recommended hiking airport charges at Mumbai's Chhatrapati Shivaji International Airport by seven percent. The revised tariffs would be applicable from May 1, 2016.
Mumbai International Airport Ltd (MIAL) and the GVK group, which operate the airport, had initially demanded a 104.82 percent raise in the airport charges, the Mint reported.
Airport charges are imposed to finance capital expenditure and to pay for the airport maintenance. The charges are revised after a period of five years. The duration is called a control period. These charges are passed on to airlines and they, in turn, pass it on to travellers flying or out to the airport.
MIAL is a joint venture between the Airport Authority of India (26 percent) and the GVK group (74 percent).
To Read the News in Full 23/03/16 Kalyani Pandey/International Business Times
Mumbai International Airport Ltd (MIAL) and the GVK group, which operate the airport, had initially demanded a 104.82 percent raise in the airport charges, the Mint reported.
Airport charges are imposed to finance capital expenditure and to pay for the airport maintenance. The charges are revised after a period of five years. The duration is called a control period. These charges are passed on to airlines and they, in turn, pass it on to travellers flying or out to the airport.
MIAL is a joint venture between the Airport Authority of India (26 percent) and the GVK group (74 percent).
To Read the News in Full 23/03/16 Kalyani Pandey/International Business Times
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