AERA received approval to amend AERA Act, 2017 to fix landing and parking fees

The Airports Economic Regulatory Authority (AERA) has received approval from the central government to amend the AERA Act, 2017, which will allow the authority to fix aircraft landing and parking fees prior to the commencement of the bidding process for the airport. The new tariff will be for airports which are proposed to be developed on a public-private partnership (PPP) basis. Currently, the tariff to be levied at privately run airports is being decided. Once finalised, the new airports at Jewar in Greater Noida and Purandar in Pune are likely to be the first to invite bids under the proposed rules. For airports which are already operational or have been awarded, AERA will continue to decide their tariffs.