Given the wide spread criticism of the Mumbai International Airport Limited (MIAL) latest proposal seeking a 660 percent hike in aeronautical tariffs, the need for airports administered by private operators to be made viable by identifying new non traffic revenues has become imperative.
Following the footsteps of Delhi International Airport Limited (DIAL), MIAL earlier this month urged the airport regulator Airports Economic Regulatory Authority (AERA) to hike aeronautical tariffs by as high as 660 percent, which if gets implemented would be a much steeper hike when compared to the already granted 346 percent hike to DIAL.
The move to hike aeronautical tariff by these two privately managed prime airports has hit genuine opposition given that privatization was widely perceived to reduce these tariffs. The move by MIAL has shocked many since the new manifold increased tariff may come even before the airport is fully modernized. However, in case of New Delhi, increased tariffs were granted, only after the modernization was completed in 2010.
01/10/12 ZeeNews
To Read the News in full at Source, Click the Headline
Following the footsteps of Delhi International Airport Limited (DIAL), MIAL earlier this month urged the airport regulator Airports Economic Regulatory Authority (AERA) to hike aeronautical tariffs by as high as 660 percent, which if gets implemented would be a much steeper hike when compared to the already granted 346 percent hike to DIAL.
The move to hike aeronautical tariff by these two privately managed prime airports has hit genuine opposition given that privatization was widely perceived to reduce these tariffs. The move by MIAL has shocked many since the new manifold increased tariff may come even before the airport is fully modernized. However, in case of New Delhi, increased tariffs were granted, only after the modernization was completed in 2010.
01/10/12 ZeeNews
