AERA Unlikely to Extend 25% Waiver on Landing, Parking Charges
The Airports Economic Regulatory Authority (AERA) is unlikely to extend the 25% waiver on landing and parking charges for domestic flights at major airports, according to sources. The waiver, part of aeronautical tariffs, was introduced to support airlines amid the pandemic and is set to expire soon.
Background of the Waiver
Earlier, AERA had announced that landing and parking charges at all major airports would be reduced by 25% from the prevailing tariff. This reduction was aimed at easing financial pressure on domestic airlines during the COVID-19 crisis. The waiver has been in effect for a specified period, which is now nearing its end.
Impact on Airlines and Airports
If the waiver is not extended, domestic airlines will face higher operational costs, potentially leading to increased airfares. Airports, on the other hand, may see improved revenue from these charges. The decision is expected to be formally announced by AERA in the coming weeks.
According to industry experts, the waiver has provided significant relief to airlines, saving them crores of rupees. However, with air traffic rebounding strongly, the regulator may deem the extension unnecessary.
No Official Confirmation Yet
An AERA official stated that no final decision has been made, and the matter is under review. The regulator is likely to consider current traffic levels and airline financial health before concluding.
