Flyers may have to pay more for using Delhi airport

February 16th, 2011 - 9:06 pm ICT by IANS  

New Delhi, Feb 16 (IANS) Delhi International Airport Limited (DIAL), the company operating the Indira Gandhi International Airport here, Wednesday said that the process of renewal of the user development fee (UDF) was under way. “There is a process involved in this (UDF). While I can’t say much at this time, the only thing is that the process is on and it will happen in its own due course of time,” said P.S. Nair, chief executive (corporate) for airport sector, GMR Group, the majority stake holder of DIAL.

According to one company official who did not wish to be named, the issue for an increase of the UDF was on cards under the agreement between the company and the government.

Recently, GMR Infrastructure reported a net loss of Rs.22.3 crore in the third quarter of the current fiscal year as against Rs.9.2 crore net profit in the like period of the last fiscal year.

The official said that while the decision of increasing the UDF lies with the state agencies, an increase will ultimately help the company in protecting its margins, after it commissioned the swanky new terminal-3 (T3) last year.

Nair added that the company was in the process of evaluating the construction of a new integrated low-cost carrier terminal at terminal T1D.

“We are in the process of considering the proposal and will take a final call in March,” Nair said.

DIAL is a joint venture consortium led by GMR Group, which has a majority holding of 54 percent, followed by state-run Airports Authority of India (AAI) with 26 percent and Frafort AG and Eraman Malaysia with 10 percent each.

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business |