“The ruling reduces the bargaining power of airport operators because it confirms that detention rights under the Airports Authority of India Regulations do not create a security interest,” said Suhael Buttan, Partner at SKV Law Offices. “By classifying airport dues as unsecured operational debt, the tribunal places them at the lowest recovery tier.” Stressed airlines…
Even at metro airports, duty free penetration is around 10%, versus 15% in Dubai and 18% in Singapore, despite similar international footfalls of about 40%. This is mainly due to lower passenger spending and limited store formats, Biswas said. However, he believes that rising incomes, better international connectivity, growing outbound travel, and upgraded airport infrastructure,…
110 flights have been canceled at Delhi’s Indira Gandhi International Airport. Also, news of delay in more than 370 flights has come to light. The reason for delay and cancellation of flights has been dense fog and low visibility. Airport officials said, ‘110 flights have been cancelled. These include 59 incoming and 51 outgoing flight…
