Sunday, January 27, 2013

Pvt jet owners cough up Rs4 cr in penalty to Mumbai airport

Mumbai International Airport Limited has collected close to Rs 4 crore in penalty from private jet owners in a measure to decongest the
airport. The penalty was levied on jet owners whose planes were parked beyond the stipulated time limit.
The fine was approved  by the Airport Economic Regulatory Authority but has been challenged in the AERA's appellate tribunal by the
Business Aircraft Operators Association (BAOA). The tribunal will take a decision on the matter next month.
The penalty ranges from Rs 1000-15,000 per hour beyond permissible limit and varies depending on plane type.
GVK-group run Mumbai International Airport Limited began levying penalty on private planes overstaying at airport from last July
leading to immediate protests over the stiff charges. MIAL argued that the penalty was necessary to de congest the airport.
MIAL collected Rs 3.89 crore from jet owners till December for over 14,000 hours of excess parking, according to the Airport Economic
Regulatory Authority order which approved the levy.
27/01/13 Aneesh Phadnis/Business Standard