On August 04, 2021, the Airports Economic Regulatory Authority of India Bill, 2021 passed in Parliament in order to develop not only the high traffic volume & profitable airports but also the low traffic volume of non-profitable airports.
Key highlights of the Bill:
- Amends definition of ‘major airport’ allowing tariff determination of a ‘group of airports’;
- Allows tariff determination of a ‘group of airports’ by way of amending the definition of ‘major airport.’
- Amends the provisions of the law in relation to tariffs for single airports.
