New Delhi: With the government deciding to abolish airport development fee (ADF) at Delhi and Mumbai airports from January 1, Airports Authority of India has written to the economic regulator AERA, saying it would infuse more equity to bridge the funding gap.
While scrapping ADF which was levied on passengers to meet cash flow requirements before completion of an airport upgrade project, Civil Aviation Ministry had asked AAI to infuse additional equity of Rs 288 crore in Mumbai International Airport Ltd and Rs 102 crore in Delhi International Airport Ltd, against its 26 per cent share in the two joint ventures.
Currently, ADF is charged at the rate of Rs 200 per domestic and Rs 1,300 per international passenger at Delhi Airport and Rs 100 and Rs 600 respectively at Mumbai, which would not be imposed from January one.
Official sources said AAI has written to AERA saying it was willing to infuse additional equity into MIAL and DIAL to enable the scrapping of ADF.
29/10/12 PTI/BUsiness Line
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While scrapping ADF which was levied on passengers to meet cash flow requirements before completion of an airport upgrade project, Civil Aviation Ministry had asked AAI to infuse additional equity of Rs 288 crore in Mumbai International Airport Ltd and Rs 102 crore in Delhi International Airport Ltd, against its 26 per cent share in the two joint ventures.
Currently, ADF is charged at the rate of Rs 200 per domestic and Rs 1,300 per international passenger at Delhi Airport and Rs 100 and Rs 600 respectively at Mumbai, which would not be imposed from January one.
Official sources said AAI has written to AERA saying it was willing to infuse additional equity into MIAL and DIAL to enable the scrapping of ADF.
29/10/12 PTI/BUsiness Line
