Civil Aviation Minister Ajit Singh today said that the delay in fixation of tariffs by the Airport Economic Regulatory Authority (AERA) has led to financial stress for the Delhi International Airport Limited (DIAL).
“AERA should have increased the tariff in 2009. Three years have gone by and no tariff was increased,” Singh said on Thursday.
DIAL had claimed on Wednesday that it was facing acute financial stress and if its proposed hike does not come through, it may have to shut down its operations in three-four months. Singh said DIAL’s demand for higher tariff was owing to their non-revision for the last ten years, barring one nominal increase of 10 per cent.
DIAL through its submission to the AERA had sought over 700 per cent hike in aeronatucial charges, which were opposed by airlines already reeling under cash crunch and likely to post heavy losses.
AERA, through its extensive stakeholders consultations’ early this year, has proposed a 300 per cent hike. DIAL has opposed the hike and wants the Authority to allow it to charge Rs 400-800 User Development Fee from all passengers, in addition to the Development Fee being levied by it.
13/04/12 Indian Express
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