GMR Airports has said that regulator Airports Economic Regulatory Authority has accepted various principles of variable tariff plan for the Delhi airport and that the existing aeronautical tariff has been increased around 148% for the fourth control period ending March 31, 2029.
The AERA has approved higher and variable user development fees for economy and business class travellers while the User Development Fee has been left unchanged for domestic passengers. The UDF for international passengers has been hiked.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The revised tariffs for the fourth control period — April 1, 2024 to March 31, 2029 — will be applicable from April 16.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
GMR Airports has said AERA has accepted various principles of variable tariff plan as proposed by the Delhi airport and accordingly, UDF has been split across both embarking and disembarking passengers.
"The same has been further bifurcated into Domestic and International passengers with a differential rate for economy and business class international travellers," the company said in a regulatory filing late on Saturday.
GMR Airports' subsidiary Delhi International Airport Ltd. operates the Indira Gandhi International Airport in the national capital.
"In line with the public consultation Paper issued on Jan. 31, AERA has increased the existing aeronautical tariff by 148%.
"Against the existing Yield Per Pax of Rs 145 valid under 03rd control period, the nominal yield per pax has been increased to Rs 360 throughout the balance four years of control period valid till March 31, 2029," the filing said.
The filing also said the landing charges for wide-body aircraft for scheduled airline operators who will operate direct flight to new international destinations have been waived off.
This will help encourage more international long-haul flights and in making the airport an hub.
Among other aspects, GMR Airports said AERA has taken cognizance of the TDSA judgement, dated July 21, 2023, wherein certain significant issues have been decided in favour of DIAL.
"However, since the said TDSAT order has been challenged by AERA in Supreme Court, AERA has decided to defer the implementation of the said TDSAT order till the matter attains finality in the proceedings before the Hon'ble Supreme Court," it noted.
The company also said that as per Supreme Court judgement, dated July 11, 2022, in the matter of tariff order for the first control period, AERA has given effect in the order towards computation of corporate tax on aeronautical earnings in the present fourth control period of the tariff order.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
