The next time you confuse an airport with a mall, don't fret and fume. Because higher "non-aeronautical" earnings will help the airport operator levy lower charges on airlines. This will in turn mean lower fares for flyers.
The passenger-friendly move comes as the Airports Economic Regulatory Authority (AERA) has decided to determine the future tariffs of major airports under the `hybrid till' model. Under this, 30% of non-aeronautical revenue will be used to subsidise aviation charges. It will also provide a boost to investment in airport sector by ensuring funding to projects without burdening airlines -and in turn passengers -with skyhigh charges.
However, the tariffs of Delhi and Mumbai airports will not be impacted by this and continue to be determined as per the agreements with the airport operators at these metros. "`Single till' may not be appropriate at this juncture when there is high growth and capacity expansion is the need of the hour. The Authority's methodology for tariff determination should be consistent with the government policy ," AERA order says.
25/01/17 Saurabh Sinha/The Times Of India
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The passenger-friendly move comes as the Airports Economic Regulatory Authority (AERA) has decided to determine the future tariffs of major airports under the `hybrid till' model. Under this, 30% of non-aeronautical revenue will be used to subsidise aviation charges. It will also provide a boost to investment in airport sector by ensuring funding to projects without burdening airlines -and in turn passengers -with skyhigh charges.
However, the tariffs of Delhi and Mumbai airports will not be impacted by this and continue to be determined as per the agreements with the airport operators at these metros. "`Single till' may not be appropriate at this juncture when there is high growth and capacity expansion is the need of the hour. The Authority's methodology for tariff determination should be consistent with the government policy ," AERA order says.
25/01/17 Saurabh Sinha/The Times Of India
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