Airport Economic Regulatory Authority : In News
Parliament’s Public Accounts Committee (PAC) recently directed the Airport Economic Regulatory Authority (AERA) to give a detailed reply in writing on the criteria used to calculate User Development Fee (UDF) charged by airport operators, the total revenue earned and and how it is utilised among other things.
- AERA is a statutory body constituted under the Airports Economic Regulatory Authority of India Act, 2008.
- It was set up on the recommendations of the Naresh Chandra Committee to prepare the road map for the civil aviation sector, which can take care of the interests of the service providers as well as those of the consumers.
- It is an independent regulatory body tasked with overseeing the economic regulation of major airports in India.
- Headquarters: Delhi
- It regulates tariffs and other charges(development fee and passenger service fee) for aeronautical services (air traffic management, landing, and parking of aircraft, ground handling services) at major airports.
- For the remaining airports, tariffs are determined by the Airports Authority of India (AAI).
- Its main objectives include creating a level playing field, fostering healthy competition among major airports, promoting investment in airport facilities, and regulating tariffs for aeronautical services.
