Airports Authority of India

Mission :  ''To achieve highest standards of safety and quality in air traffic services and airport management by providing state-of-the-art infrastructure for total customer satisfaction, contributing to economic growth and prosperity of the nation.''                                                                                                                                                                                                                                                                                                                 Vision :  ''To be a world-class organization providing leadership in air traffic services and airport management & making India a major hub in Asia Pacific region by 2016''.
Airports Credit Policy -Traffic Revenue

 AAI approved credit policy as on 5th June, 2007.

 

 

 

1.(a)

Period of raising bills

Fortnightly for all airlines

  (b)

Normal Time for raising bills

Ten ( 10 ) days

2. 

Credit Period :

 

    

All airlines including foreign airlines

15 days from receipt of bills .

3.    

Security Deposit :

 

   (a)

National Carriers ( Indian Air Lines /Alliance / Air India / Pawan Hans ), ATOs , Foreign Airlines

Equal to two months billing

  (b)

Govt.( Central/State )

Rs.1 lac per aircraft .

   (c)

Small operators :

 

      i

Scheduled

Equal to two months billing

     ii

Non-scheduled

i) Cash & carry

ii)If Operator want to avail credit facility, Deposit equivalent to two months operations will be required .

4.

Public sector Undertakings

Rs.1 lac per aircraft 

5.

Interest on delayed payments :

 

      i

IAL/Alliance/AI/Pawan Hans

@ 12% p.a.

     ii

Scheduled Airlines

---DO---

    iii 

Foreign Airlines

---DO---

    iv

Small Operators

---DO---

     v

Govt. Of India (Central/State)

NIL

6

Defence Aircraft :

 

      i

India

Exempt from payment of charges

     ii

Foreign Military aircraft

As per directions of MCA .