Govt to back air passengers in SC against Delhi, Mumbai airport operators in Rs 50,000 crore suit
NEW DELHI: As a Rs 50,000-crore sword hangs over air travellers at Delhi and Mumbai airports, the Centre has decided to back passengers in an old legal battle between airport operators and the Airports Economic Regulatory Authority of India (AERA), which has now reachedSupreme Court, where the matter will be heard on Dec 3.
The case relates to “hypothetical regulatory asset base (HRAB)”, the capital value of the assets used to calculate the costs of the regulated services, for the first two years of these airports during the PPP era, which started about 20 years ago.
