The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has ruled in favor of GMR and Adani, allowing them to include non-aeronautical revenues in the tariff determination model. This could lead to a 6% increase in airport charges over the next decade.
AirfaresAirport TariffsGmrAdaniTdsatReal Estate MumbaiJul 12, 2025
The Hypothetical Regulatory Asset Base (HRAB) is a model used to determine airport tariffs. It includes the assets and revenues considered when setting the charges for using airport facilities.
GMR and Adani challenged AERA’s methodology because AERA excluded non-aeronautical revenues, such as retail, parking, and advertising, from the HRAB, which they believed should be included to accurately reflect their operational costs.
The TDSAT ruling is expected to raise airport charges by around 6% over the next ten years.
The ruling could cost airlines like IndiGo up to 3.4% of their annual revenue due to the increase in airport charges.
Yes, the ruling could prompt a broader reassessment of tariff models across other private airports in India, potentially leading to changes in how airport charges are determined.
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