AERA extends existing airport charges of MIAL for another

Tariff regulator AERA has extended the existing airport charges for the GVK-AAI run Mumbai Airport by another three months till February next year.
The Airports Economic Regulatory Authority of India (AERA) said in an order last week that rates approved in its order of January, 2013, are to continue till the end of February next year or till the time that tariffs for the second five-year control period (2014-2019) are determined.
The User Development Fee paid by passengers flying out of the Chhtrapati Shivaji International Airport (CSIA) currently stands at Rs 274 for domestic departures and Rs 574 for the international ones.

"Aeronautical tariff(s) approved by the Authority vide order dated January 15, 2013, shall continue up to February 28, 2016, or until the final determination of the tariffs for the second control period (2014-2019), whichever is earlier," AERA said in its November 20, 2015 order.
Earlier, in August the tariff regulator had extended the date till November 30, 2015.
Aeronautical revenue consists of charges such as aircraft landing and take-off fees, aircraft parking charges and passenger services fees.

"The revenue so collected by the airport operator (MIAL) during such period shall be adjusted from the Aggregate Revenue Requirement for the second control period, starting with effect from April 1, 2014," AERA said in its latest order.

The first five-year control period has already ended on March 31, 2014.
AERA had allowed MIAL to increase aeronautical charges by 164 per cent from February 2013 as against a demand for an increase of 881 per cent.