AIRPORTS ECONOMIC REGULATORY AUTHORITY (AERA)

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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.

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