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AIRPORTS ECONOMIC REGULATORY AUTHORITY (AERA)

16th October, 2023

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Picture Courtesy: www.cntraveler.com

Context: The Airports Economic Regulatory Authority (AERA) has issued a warning to airport operators in India regarding the imposition of unapproved tariffs on passengers at major airports.

Airports Economic Regulatory Authority (AERA)

  • AERA is a statutory body established under the Airports Economic Regulatory Authority of India Act 2008, by the Government of India.
  • Its primary role is to regulate tariffs and charges for aeronautical services provided at major airports in India.
  • It determines the tariffs for services such as landing, parking, and passenger fees at major airports. This process involves consultations with stakeholders like airport operators, airlines, and passengers.
  • It monitors the performance standards of airports to ensure they meet specified benchmarks. It collects data, conducts studies, and engages with stakeholders to assess airport performance.
  • It serves as a mediator in disputes related to aeronautical services or tariffs, ensuring fair resolutions between airport operators, service providers, airlines, and passengers.
  • It maintains transparency in its processes by involving stakeholders and publishing tariff orders and performance reports. Extensive consultations are held before making tariff-related decisions.

Conclusion

  • The Airports Economic Regulatory Authority of India (AERA) stands as a vital pillar in India's aviation sector, ensuring fair tariffs, high service standards, and transparent processes. By mediating disputes, regulating charges, and upholding principles of efficiency and equity, AERA plays a pivotal role in fostering a balanced and thriving aviation industry, benefiting operators, airlines, and passengers alike.

Must Read Articles:

India’s Aviation Industry: https://www.iasgyan.in/daily-current-affairs/indias-aviation-industry

UDAN: https://www.iasgyan.in/daily-current-affairs/udan-39

PRACTICE QUESTION

Q. What are the key challenges faced by India's aviation industry in terms of infrastructure development and regulatory policies, and how are these challenges being addressed to ensure sustainable growth and efficiency in the sector?