Airports Economic Regulatory Authority of India Bill 2021 passed in Parliament

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.

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