Airlines regulator to be in soon

If all goes well, an independent regulatory authority to look into the setting up of tariff regimes for aviation industry will soon be up and running. Following a cabinet nod, the bill for the appointment of Airport Economic Regulatory Authority (AERA) is to be tabled in the ongoing budget session of the Parliament. If passed, which is most likely, the new AERA will first impact two major airports — Mumbai and Delhi.
The frame of reference as also the regulatory regime is still not spelt out very clearly, but according to the civil aviation ministry spokesperson, “All airports with traffic of over 10 million passengers per annum (read Delhi and Mumbai) would be under the purview of the regulator. The concerned administrative ministry being the ministry of civil aviation to whom it would submit the annual reports.”
Clearly with airports being privatised and tariff regulation of late becoming a major issue with both the airlines and the private airport operators, an independent regulator is only a natural progression for a more mature aviation sector.
27/03/07 Manisha Singhal/Daily News & Analysis

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Categories: Airports Mar 2007, General Aviation Mar 2007, New Mar 2007