The creation of joint ventures by Delhi International Airport Ltd (DIAL) has not impacted its revenue share, says the Airports Authority of India (AAI).
It has written a letter saying so to the civil aviation ministry and the Airports Economic Regulatory Authority (AERA).
"Our non-aeronautical revenue never included any share in the revenue earned from the sale of goods inside the terminal. All we got was the rental for using that space, which has not impacted yet," said a senior AAI official, who did not want to be identified.
The clarification comes at a time when questions have been raised on whether the formation of a JV by DIAL led to revenue losses for AAI. Both AERA and the Comptroller and Auditor General (CAG) have raised concerns on the issue.
Delhi airport is owned by a consortium. The GMR Group owns 50.1 per cent, AAI owns 26 per cent, Fraport AG and Malaysia Airports hold 10 per cent each, and India Development Fund owns 3.9 per cent. DIAL (run by GMR) is supposed to share 46 per cent of total revenue with AAI.
DIAL has created 11 JVs to operate various non-aeronautical businesses. Its share in the JVs range from 26 to 50 per cent and the revenue share is 15 to 25 per cent.
27/07/11 Business Standard/Rediff.com
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