‘Govt steps in’: Centre backs flyers in SC fight; Delhi, Mumbai operators face Rs 50,000cr hit

The Indian government will back the Airports Economic Regulatory Authority of India (AERA) in a Supreme Court battle against Delhi and Mumbai airport operators. The case concerns a Rs 50,000-crore claim for hypothetical regulatory asset base, which could lead to significant hikes in passenger charges if awarded to the operators.

‘Govt steps in’: Centre backs flyers in SC fight; Delhi, Mumbai operators face Rs 50,000cr hit
The Indian government will back the Airports Economic Regulatory Authority of India (AERA) in a Supreme Court battle against Delhi and Mumbai airport operators. The case concerns a Rs 50,000-crore claim for hypothetical regulatory asset base, which could lead to significant hikes in passenger charges if awarded to the operators.