IGI operator told to give revised tariff projections

NEW DELHI: With the novel coronavirus pandemic dealing a body blow to aviation industry and rendering all the pre-pandemic traffic projections void, the Airports Economic Regulatory Authority (AERA) will now take revised estimates into consideration for tariff determination.
“The authority is aware that the aviation sector is undergoing unprecedented turbulence and uncertainty on account of the global pandemic and the associated lockdown in the major cities around the world, which has resulted in restrictions in air travel both domestic and international…,” AERA said in a consultation paper released on Tuesday determining tariff of Delhi’s IGI Airport till March 31, 2024.
“…. On account of the expected substantial changes in the prevailing business scenario, including the changes in traffic projections and capacity enhancement, going forward, (AERA) shall consider revised submissions by the airport operator to form a final view on the various aspects forming part of the tariff determination process,” the consultation paper stated.