In a recent arbitration ruling, Delhi Airport, under the ownership of GMR Group, has won a dispute with the state-owned Airport Authority of India (AAI) regarding revenue sharing during the Covid-19 period, according to a report by The Economic Times (ET). The tribunal’s decision favoured the airport, outlining specific directives that entail a refund of Rs 500 crore from AAI and a waiver of Rs 1,800 crore payment to the authority. AAI may contest the award.
Under the terms of the privatisation agreement established in 2006, Delhi Airport had committed to paying 45.99 per cent of its annual revenue as concession fees to AAI. Delhi International Airport Limited (DIAL), the entity operating the airport,
