This comes in the wake of court orders in the Devas arbitration matter in Canada and Switzerland that led to the seizure of over $29 million of AAI dues, by the International Air Transport Association (IATA) on behalf of AAI.
As an air navigation service provider, AAI collects navigation charges from domestic and foreign airlines for flights within the country, to and from India, and those flying over Indian airspace.
Domestic airlines pay the charges directly to AAI. Since 2007 IATA has been collecting overflight charges from foreign airlines. Over a period, the procedure has been automated and air traffic data is shared with IATA to make the process simpler and error-free.
This story is from the May 03, 2022 edition of Business Standard.
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This story is from the May 03, 2022 edition of Business Standard.
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