11-07-2021 10:59 AM | Source: IANS
Srinagar airport declared 'major airport'
News By Tags | #2975 #874 #4008 #139 #1973

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

In a significant development, the Centre on Saturday declared Srinagar international airport as a major airport.

The Civil Aviation Ministry issued a notification declaring the airport of Srinagar as a major airport under the Airports Economic Regulatory Authority Act, 2008.

"In exercise of the powers conferred by sub-section (i) of section 2 of the Airports Economic Authority Act, 2008 (NO. 27 OF 2008), the Central government hereby declares the airport of Srinagar as major airport", says the notification.

With this move, the Airports Economic Regulatory Authority (AERA) will determine tariff for aeronautical services at Srinagar airport.

As per Section 13 of the Act, the AERA has been mandated to determine the tariff for the aeronautical services rendered at major airports - the amount of the development fees including user development fee and the amount of the passengers service fee levied under Rule 88 of the Aircraft Rules, 1937 made under the Aircraft Act, 1934.

Under the AERA, the Centre can designate an airport as a major airport if it has an annual passenger traffic of at least 35 lakh.

The Central government is also empowered to designate any airport as a major airport through a notification.

For the non-major airports, these tariffs are determined by the Airports Authority of India (AAI), which is a body under the Ministry of Civil Aviation.