Airports Economic Regulatory Authority (AERA)
Airports Economic Regulatory Authority
The Airports Economic Regulatory Authority
(AERA) is a statutory body constituted under the Airports
Economic Regulatory Authority of India Act, 2008. The AERA was established by
the Government of India with its head office at Delhi.
The statutory functions of the AERA as
enshrined in the Airports Economic Regulatory Authority of India Act, 2008 are
as below:
1. To
determine the tariff for the aeronautical services taking into consideration:
Ø
The capital expenditure incurred and timely
investment in improvement of airport facilities.
Ø
The service provided its quality and other
relevant factors.
Ø
The cost for improving efficiency.
Ø
Economic and viable operation of major
airports.
Ø
Revenue received from services other than the
aeronautical services.
Ø
The concession offered by the Central
Government in any agreement or memorandum of understanding or otherwise.
Ø
Any other factor which may be relevant for
the purposes of this Act.
2. To determine the
amount of the Development
Fees in respect of major airports.
3. To determine the
amount of the Passengers Service Fee levied
under rule 88 of the Aircraft Rules, 1937 made under the Aircraft Act, 1934.
4. To monitor the
set Performance Standards relating
to quality, continuity and reliability of service as may be specified by the
Central Government or any authority authorized by it in this behalf.
5. To perform such other functions relating to tariff,
as may be entrusted to it by the Central Government or as may be necessary to
carry out the provisions of this Act.
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