ECONOMICS & STATISTICS
the airports under these till regimes are found all over the globe, there is a higher prevalence in Asia-Pacific, Europe and Latin America-Caribbean. These markets also have a higher propensity for private sector participation. “Over and above attracting investment, a dual till or a balanced hybrid approach creates incentives for airports to develop their commercial activities independently of their aeronautical activities, with the former being a vital resource to drive the much needed modernization of airport infrastructure and the improvement of the quality of service to the passengers,” adds Baronci. “It is not by chance that in the last few years some Indian airports have been able to achieve best in class air service quality.” “Infrastructure development is a mission that emerging and fast growing markets such as India cannot simply ignore if
they plan to be a leading economic power worldwide,” concluded Director General Gittens. “The decision to apply a hybrid till model to all airports in India is a welcome step toward regulatory certainty. Moreover, its uniform application to all airports in the country ensures that due consideration is given to all aviation stakeholders, and to the needs of passengers. With airports now being sophisticated businesses in their own right, sufficient levels of investment and charges are essential prerequisites if they are to continue to deliver increased capacity, quality and connectivity. ACI is pleased that the Indian Ministry of Civil Aviation is taking the necessary steps today to ensure sustainable growth of air transport.”
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For more information visit www.aci.aero/acert. ACI WORLD REPORT
ACI World Report - July 2016