GMR Airport, SpiceJet to IndiGo: This Supreme Court hearing is important for aviation stock shareholders in India
Aviation stocks: Aviation sector stocks will be in focus of the Indian stock market investors after the Supreme Court’s hearing on potentially increasing the User Development Fee (UDF) for customers travelling from Mumbai and Delhi airports.
A recent Telecom Disputes Settlement and Appellate Tribunal (TDSAT) order has redefined the formula for calculating airline tariffs between the 2009-2014 fiscal year, resulting in two of India’s largest airports owing more than ₹50,000 crore in unpaid dues.
