+
Mumbai Flight Fares Set to Rise
AVIATION & AIRPORTS

Mumbai Flight Fares Set to Rise

Starting next financial year, air travel from Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) will become more expensive as the airport operator, Mumbai International Airport (MIAL), plans to increase the user development fee (UDF). International passengers will see their UDF rise from Rs 187 to Rs 650, while domestic passengers, who previously did not pay this fee, will be charged Rs 325.

The proposal has been submitted to the Airport Economic Regulatory Authority (AERA) for approval. MIAL aims to use the additional revenue to fund infrastructure development and technological enhancements at the airport. To balance the impact of the UDF hike, MIAL has suggested reducing airline landing and parking charges by approximately 35 per cent, which is expected to help airlines manage costs and maintain competitive fares.

Over the next five years, MIAL plans to invest Rs 100 billion in infrastructure development, targeting a revenue recovery of Rs 76 billion from an estimated 229 million passengers. Planned initiatives include a domestic-to-domestic transfer facility at T2, construction of taxiway Z to improve flight punctuality, installation of eGates to ease congestion, free inter-terminal coach transfers, and FASTag-enabled parking.

The older domestic terminals, 1A and 1B, will undergo redevelopment later in the year. T2 will see technological upgrades such as self-baggage drop systems, CTIX hand baggage screening, and full-body scanners to enhance security and passenger flow. Further improvements to runway maintenance, apron and taxiway enhancements, and implementation of IoT-driven solutions for seamless operations are also planned.

In June 2024, MIAL submitted a multi-year tariff plan to AERA, proposing a 675 per cent increase in user fees starting October 1, 2024. The proposal is based on a projected revenue target of Rs 387.24 billion and a capital expenditure plan of Rs 174.39 billion over five years to support terminal reconstruction and expansion projects.

News source: Financial Express

Starting next financial year, air travel from Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) will become more expensive as the airport operator, Mumbai International Airport (MIAL), plans to increase the user development fee (UDF). International passengers will see their UDF rise from Rs 187 to Rs 650, while domestic passengers, who previously did not pay this fee, will be charged Rs 325. The proposal has been submitted to the Airport Economic Regulatory Authority (AERA) for approval. MIAL aims to use the additional revenue to fund infrastructure development and technological enhancements at the airport. To balance the impact of the UDF hike, MIAL has suggested reducing airline landing and parking charges by approximately 35 per cent, which is expected to help airlines manage costs and maintain competitive fares. Over the next five years, MIAL plans to invest Rs 100 billion in infrastructure development, targeting a revenue recovery of Rs 76 billion from an estimated 229 million passengers. Planned initiatives include a domestic-to-domestic transfer facility at T2, construction of taxiway Z to improve flight punctuality, installation of eGates to ease congestion, free inter-terminal coach transfers, and FASTag-enabled parking. The older domestic terminals, 1A and 1B, will undergo redevelopment later in the year. T2 will see technological upgrades such as self-baggage drop systems, CTIX hand baggage screening, and full-body scanners to enhance security and passenger flow. Further improvements to runway maintenance, apron and taxiway enhancements, and implementation of IoT-driven solutions for seamless operations are also planned. In June 2024, MIAL submitted a multi-year tariff plan to AERA, proposing a 675 per cent increase in user fees starting October 1, 2024. The proposal is based on a projected revenue target of Rs 387.24 billion and a capital expenditure plan of Rs 174.39 billion over five years to support terminal reconstruction and expansion projects. News source: Financial Express

Related Stories

Gold Stories

Next Story
Real Estate

Kamdhenu Realities acquires 4-acre Navi Mumbai land parcel

Kamdhenu Realities has acquired a 4-acre land parcel from RPG Life Sciences on Thane-Belapur Road for approximately Rs 1.5 billion, expanding its commercial real estate portfolio in Navi Mumbai.The parcel has a total developable potential of 1.8 million sq ft, on which Kamdhenu plans to develop a destination-scale commercial and lifestyle ecosystem. The proposed development will combine corporate office suites with high-street retail, F&B outlets, double-height lobbies, business infrastructure and lifestyle amenities.Located close to IKEA and opposite the upcoming Pawane Railway Station, t..

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code