Airports Economic Regulatory Authority of India
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In 2015, India became the second most populous country in the world, following China. India’s air transport demand has skyrocketed, from 2013–15, and the Indian aviation market’s growth potential seems limitless. According to International Air Transport Association, global aviation will grow at 4.5 percent to $3.1 trillion in 2016, with 4.5 billion passengers traveling by air. By the year 2022, air travel will grow to 5
PESTEL Analysis
Airports Economic Regulatory Authority of India (AERA) is the highest regulatory authority and a statutory body constituted under section 24 of the Airports Authority of India Act, 2006 for the efficient management and operation of all civil aviation matters. The aim of this author is to provide an in-depth look into the AERA of India with the focus on PESTEL analysis (political-economic-social-technological-environmental). Political and Econom
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Airports Economic Regulatory Authority of India (AERA) was established in 1999 with the objective to provide a comprehensive and coordinated regulatory regime to facilitate safe, secure, efficient, and sustainable air transport. It is an airports regulatory body that regulates the affairs of the Indian airports. The AERA ensures that all India’s airports operate within safety, security and environmental standards set by the regulatory framework of the Ministry of Civil Aviation (MCA). Continued The organization’s regulatory
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I work in Airports Economic Regulatory Authority of India. We were responsible for setting s and norms for airports in the country. We used to issue licenses to airlines to operate at airports. Our major role was to ensure that airlines operated at airports at affordable prices and the same were enforced through strict norms. The most challenging aspect was to ensure that airlines did not increase air fares at their discretion. The organization was under great pressure from the central government to maintain profitability for the state and central govern
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Recommendations for the Case Study
Airports Economic Regulatory Authority of India (AERA) is a statutory body set up in 2005 under the Airport Authority of India Act, 1994 (Airports Act, 1994). It was formed with a mandate to regulate the Airports Authority of India (AAI) and provide support to all airports in the country. The Authority has a team of about 130 officials, including directors, senior directors, deputy directors, and officers