{"id":627064,"date":"2024-01-08T11:34:47","date_gmt":"2024-01-08T06:04:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=627064"},"modified":"2024-01-08T11:38:09","modified_gmt":"2024-01-08T06:08:09","slug":"revenue-share-case-delhi-airport-wins-rs-2300-cr-arbitration-award-against-aai","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/revenue-share-case-delhi-airport-wins-rs-2300-cr-arbitration-award-against-aai\/","title":{"rendered":"Revenue share case: Delhi Airport wins Rs 2,300 cr arbitration award against AAI"},"content":{"rendered":"<p>GMR group-owned Delhi Airport has won an arbitration against the state-owned Airport Authority of India (AAI) over revenue sharing during the COVID-19 period. In its award, the tribunal has given various directions in favour of the airport, according to which the airport will receive a refund of Rs 500 crore from AAI while getting a waiver of Rs 1,800 crore payment to the authority.<\/p>\n<p>Sources said that AAI is likely to challenge the award. The share price of GMR airports increased by 3.13% on the exchange and is currently trading at Rs 86.52. As part of privatisation agreement in 2006, Delhi Airport pays 45.99% of its annual revenue as concession fees to AAI.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GMR group-owned Delhi Airport has won an arbitration against the state-owned Airport Authority of India (AAI) over revenue sharing during the COVID-19 period. In its award, the tribunal has given various directions in favour of the airport, according to which the airport will receive a refund of Rs 500 crore from AAI while getting a waiver of Rs 1,800 crore payment to the authority. Sources said that AAI is likely to challenge the award. The share price of GMR airports increased by 3.13% on the exchange and is currently trading at Rs 86.52. As part of privatisation agreement in 2006, [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-627064","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/627064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=627064"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/627064\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=627064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=627064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=627064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}