340% tariff hike plan not enough, says Delhi International Airport

New Delhi: Delhi's airport operator Delhi International Airport Ltd (DIAL) has warned that another year at current tariff would completely erode its net worth. The company fears that its net worth is down from Rs 2,450 crore to Rs 1,088 crore as of end-March, 2012.
The operator response has come at a time, when airport regulator, Airport Economic Regulatory Authority (AERA), has brought out a consultation paper on revision of tariff for Delhi airport.
The operator has expressed strong reservations against the tariff hike proposed in the paper.
The consultation paper proposes to increase the tariff by approximately three times in two phases. It proposed to revise charges by 148 per cent from April 1, 2012 and again by 148 per cent from April 1, 2013.
On the other hand, the operator wants a seven-fold increase. Delhi airport operator is part of the GMR group.
05/01/12 Business Line

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Categories: airports Jan 2012