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Tag: Mumbai International Airport Limited (MIAL)

Center Restricts MIAL’s From Reducing Transit Time To Levy Users Charges

[New Delhi]Center Rejects MIAL’s Proposal Of Reducing Transit Time To Levy Users Charges
Govt Rejected MIAL’s proposal to reduce transit time for passengers
The Civil Aviation ministry has rejected Mumbai airport operator MIAL’s proposal to reduce the exempted hours for transit passengers at the airports so that user charges can be levied and collected from them.
In a written reply in Lok Sabha today, Minister of State for Civil Aviation Mahesh Sharma said the proposal was rejected after examining it in consultation with stakeholders, including Airports Authority of India, Federation of Indian Airlines and other airport operators.
“Mumbai International Airport Ltd (MIAL) had sent a proposal to reduce the exempted hours for transiting passengers at airports from existing 24 hours to 6 hours for the purpose of levy and collection of user charges,”
After consultations, it was decided to “retain the existing exemption in respect of transit passengers,”
At present, transit passengers don’t pay the charges and fees at the particular airport they are transiting from if their connecting flight is within 24 hours of their arrival.
MIAL, a joint venture company between Airports Authority of India (AAI) and diversified GVK group, which operates the Mumbai airports, had reportedly requested the ministry to cut down the exempted time to six hours.

64% Share Holder GMR Reluctant to Share info with 26% Owner AAI on JV DIAL

[New Delhi] 64% Share Holder GMR Reluctant to Share info with 26% Owne AAI on DIAL Accounts For Audit
As DIAL completes ten years of operating the international airport here, majority stakeholder GMR remains reluctant to share certain financial information about the joint venture sought by the Airports Authority of India for audit purpose.
Diversified GMR group holds 64 per cent stake in Delhi International Airport (P) Ltd (DIAL) while Mini-ratna Public Sector Undertaking AAI has 26 per cent ownership and the rest is with Germany’s airport operator
As per Sources ,GMR has been showing reluctance to share certain documents related to the accounts of DIAL with AAI even after a year of the government informing GMR of a CAG audit of the AAI revenue of DIAL.
According to them, AAI has sought various documents, including those pertaining to DIAL’s internal audit, for a proposed (Comptroller and Auditor General) audit of the former’s accounts.
As part of the JV agreement, the government-run airport operator is entitled to a 46 per cent share in the revenue of DIAL.
A set of detailed queries sent to GMR spokesperson, Sidharath Kapur President and CFO-Airports at GMR Group and DIAL Chief Executive Officer Prabhakara Rao on April 27, on whether it has refused to share the internal audit report of DIAL remained unanswered.
The query on whether GMR has refused to share with AAI documents related to the joint venture’s various subsidiaries also did not elicit any response.
Earlier , a DIAL spokesperson had responded to queries related to possible audit of DIAL accounts by CAG.
On whether GMR has provided all the documents as requested for the CAG audit, the spokesperson said AAI has not asked for any documents from DIAL for the audit.
Interestingly, on February 25, the government informed the Lok Sabha that AAI has sought documents from its joint venture partners — GMR and GVK — for a CAG audit of the books of accounts of the Delhi and Mumbai airports.
“AAI has appointed CAG as its representative to scrutinise the books of accounts of Delhi International Airport (DIAL) and Mumbai International Airport Limited (MIAL) to ensure that due government share is accruing to AAI,” Minister of State for Civil Aviation Mahesh Sharma had said in a written reply.