AAI revenue from DIAL, MIAL doubles in five years
09 Dec 2011
New Delhi: The revenue earned by the Airports Authority of India, in the joint ventures, at the Delhi and Mumbai airports has increased by around 100 per cent in last five years, the government said today.
"The AAI received Rs277 crore and Rs233 crore from the joint venture companies Delhi International Airport Ltd (DIAL) and Mumbai International Airport Ltd (MIAL) in 2006-07. The revenue earned by AAI in 2010-11 was Rs582 crore from DIAL and Rs464 crore from MIAL," civil aviation minister Vayalar Ravi said in a written reply in Lok Sabha.
In 2007-08, AAI earned Rs408 crore and Rs337 crore, Rs446 crore and Rs375 crore in 2008-09 and Rs544 crore and Rs397 crore in 2009-10 from DIAL and MIAL respectively, he said.
Earlier, in its report, the Comptroller and Auditor General (CAG) had said that AAI could have earned an additional 24 per cent revenue from the DIAL had it managed its contract with the private-led operator more effectively.
It recommended amendments to the provisions of the OMDA to include penalty clauses for protecting the interests of the AAI against delayed payments by DIAL.
Terming the revenue sharing model between DIAL and AAI as "defective", the government audit body found that AAI's receivable annual fee saw a "substantial reduction".
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