The revenue has been calculated on the basis of Special Drawing Rights
PTI | February 24, 2012
Delhi and Mumbai airports are earning the least 'aeronautical' revenue per passenger compared to other airports of the world, according to a survey. As per the list of 50 countries prepared by Leigh Fisher Management Consultants, Delhi airport is at the bottom of the list with meagre 1.97 SDRs compared to Japan's Narita airport with 17.86 SDRs. Mumbai stands at the second last place with 2.09 SDRs.
The revenue has been calculated on the basis of Special Drawing Rights (SDRs) -- which is an international reserve asset created by the International Monetary Fund and its value is based on a basket of four key international currencies.
Operator of Delhi airport, Delhi International Airport Limited (DIAL) has asked the Airport Economic Regulatory Authority (AERA) to increase the airport tariffs by 874 per cent as it was registering losses due to whopping rise in traffic and operational cost.
DIAL has declared a loss of Rs 229 crore in Q3 of this fiscal year. They said they have made huge investments on upgrading a deficient infrastructure. DIAL said that they have been continuously posting losses due to the pending tariff revision.
"Since 2000, the tariff at IGI Airport was increased only once by 10 per cent in 2009 as compared to the consumer price index which went up by 200 per cent. As of today, airport charges at IGI is among the lowest compared to similar airports worldwide," a senior DIAL official said.
The aeronautical tariff rates are less than half compared to that in Bangkok, Hong Kong or Singapore. It is just 15 per cent of the tariff being charged at the airports in London, Toronto and Narita, he said.
Foreign airlines, during their last meeting with AERA, had opposed any steep hike in aeronautical charges and said they may be forced to wind up their India operations.
According to sources, major foreign airlines are paying just 1.5 per cent of their total earnings from Delhi as aeronautical charges to DIAL.
The Delhi airport was recently ranked second in airport service quality by Airport Council International in the 25 to 40 million passenger category while Mumbai's Chhatrapati Shivaji International airport stood third.
JD (U) leader Nitish Kumar was sworn-in as the chief minister of Bihar for the sixth time on Thursday after again striking an alliance with the BJP, barely hours after tendering his resignation as he parted ways with the RJD. And all this happened in less than 24 hours. BJP
Malavika Sarrukkai is a Bharatanatyam dancer from Tamil Nadu. She began learning the dance form at the age of seven and made her stage debut at the age of 12. She was awarded the Sangeet Natak Akademi Award in 2002 and Padma Shri in 2003. Her work features in a government-commissioned documentary calle
Has Nitish played politics of opportunism?
Nitish Kumar resigned as chief minister of Bihar on Wednesday, just hours after RJD chief Lalu Prasad ruled out his son and deputy chief minister Tejashwi Yadav putting in his papers following a case being registered by the CBI. The JD(U) and RJD alliance had been under considerable strain o
The Pradhan Mantri Awas Yojana (PMAY), introduced in June 2015, aims at providing every family with “a pucca house with water connection, toilet facilities, 24x7 electricity supply” by the time the nation completes 75 years of its Independence in 2022. The Yoj
Continuing as a bureaucrat just got a lot tougher with the government weeding out the incompetent and taking action against 381 civil services officers, including 24 who were from the Indian Administrative Service. The Narendra Modi government’s action against civil s