GMR Airports shares up 4% after AERA approves 148% tariff enhance for Delhi Airport
AERA has launched a variable Consumer Improvement Price (UDF) for worldwide passengers, whereas home UDF stays unchanged. The brand new tariffs will take impact from April 16, 2025.
GMR Airports has stated AERA has accepted numerous ideas of variable tariff plan as proposed by the Delhi airport and accordingly, UDF has been break up throughout each embarking and disembarking passengers.
“The identical has been additional bifurcated into Home and Worldwide passengers with a differential charge for economic system and enterprise class worldwide travellers,” the corporate stated in a regulatory submitting late on Saturday.
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GMR Airports’ subsidiary Delhi Worldwide Airport Ltd (DIAL) operates the Indira Gandhi Worldwide Airport (IGIA) within the nationwide capital.
“According to the general public session Paper issued on January 31, 2025, AERA has elevated the present aeronautical tariff by (approx) 148 per cent.
“Towards the present Yield Per Pax of (approx) Rs 145 legitimate below 03rd management interval, the nominal yield per pax has been elevated to Rs 360 all through the stability 4 years of management interval legitimate until March 31, 2029,” the submitting stated.
The submitting additionally stated the touchdown costs for wide-body plane for scheduled airline operators who will function direct flight to new worldwide locations have been waived off.
This can assist encourage extra worldwide long-haul flights and in making the airport an hub.
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Amongst different features, GMR Airports stated AERA has taken cognizance of the TDSA judgement, dated July 21, 2023, whereby sure important points have been determined in favour of DIAL.
“Nevertheless, for the reason that stated TDSAT order has been challenged by AERA in Supreme Courtroom, AERA has determined to defer the implementation of the stated TDSAT order until the matter attains finality within the proceedings earlier than the Hon’ble Supreme Courtroom,” it famous.
The corporate additionally stated that as per Supreme Courtroom judgement, dated July 11, 2022, within the matter of tariff order for the primary management interval, AERA has given impact within the order in the direction of computation of company tax on aeronautical earnings within the current fourth management interval of the tariff order.
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