Domestic passenger
As the Airport Economic Regulatory Authority (AERA) is yet to complete the process for determining tariffs for the second control period starting April 1, 2014 and ending on March 31, 2019, Airport charges and user development fees at Delhi and Mumbai will remain unchanged till May 31. Delhi International Airport had submitted its proposal on [...] Continue Reading »
The GMR has moved the AP High Court challenging the decision of the Airports Economic Regulatory Authority (AERA) in discontinuing collection of user Development Fee for the next two years. The GHIAL has concluded that the AERA has no jurisdiction to fix the UDF and it was the Central government of India who has power [...] Continue Reading »
The statement issued by the company informs that Mumbai International Airport Private Ltd s (MAIL) project bank loan facilities has been upgraded to ‘IND A-’ from ‘IND BBB+ As per the report, the rated banks loans are INR42.31bn long-term loans, INR2.5bn fund-based limits (increased from INR1bn) and INR4.15bn non-fund-based limits (increased from INR3.55bn). The rating agency has [...] Continue Reading »
