Home India Airports Economic Regulatory Authority of India Consultation Paper No. 24/2023-24 In the matter of Determina...
Date: 2024-01-13 Category: Consultation Paper State: Union Government Country: India

Consultation Paper No. 24/2023-24 In the matter of Determination of Tariff in respect of the Ground Handling Services for M/s Indo Thai Kolkata Private Limited (IKPL) at Netaji Subhash Chandra Bose International Airport, Kolkata for the First Control Period (FY 2023-24 to FY 2027-28).

Issued by Airports Economic Regulatory Authority of India · Not Applicable

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Executive Summary & Key Takeaways

**Executive Summary** This is a consultation paper from the Airports Economic Regulatory Authority of India (AERA) regarding the determination of tariffs for ground handling services provided by M/s Indothai Kolkata Private Limited (IKPL) at Netaji Subhash Chandra Bose International Airport, Kolkata. The consultation covers the first control period, FY 2023-24 to FY 2027-28. Stakeholders are invited to submit written comments by February 2, 2024. **Key Points / Main Content** * **Purpose:** To determine tariff rates for ground handling services provided by M/s Indothai Kolkata Private Limited (IKPL) at Netaji Subhash Chandra Bose International Airport, Kolkata for the first control period (FY 2023-24 to FY 2027-28). * **Materiality and Competition Assessment:** * The regulated service (ground handling) is deemed 'Material' for the First Control Period. * The regulated service is deemed 'Competitive' because M/s AI Airport Services Limited (AIASL) also offers similar services. * A "Light Touch Approach" will be used to determine the tariff. * **Aircraft Traffic:** The Authority proposes to adopt Aircraft traffic projections (flights to be handled) as submitted by M/s IKPL for the First Control Period (FY 2023-24 to FY 2027-28) as per Table 3. * **Capital Expenditure (CAPEX):** The Authority proposes to consider the projected CAPEX for the First Control Period as per Table 4, subject to claiming GST Input Tax Credits (ITC) and excluding the GST component. * **Operating Expenditure (OPEX):** The Authority proposes to consider the OPEX projected for the First Control Period as per Table 6. * **Tariff Proposals:** * Consider the Tariff Rates for Ground Handling Services provided by M/s IKPL at Netaji Subhash Chandra Bose International Airport, Kolkata in respect of Scheduled Flights, International “Non-Scheduled & General Aviation Flights" and Item-wise Tariff Rate Card in respect of Ground Handling Services, for the First Control Period as per Annexures (I, II & III). * Tariff for Domestic 'Non-Scheduled and General Aviation Flights' shall not exceed the approved Tariff(s) for relevant Domestic Scheduled Flights for similar class of Aircraft(s). * RBI conversion rate as on the last day of the previous month will be applicable for the first fortnight and the rate prevailing as on the 15th of the month will be applicable for the second fortnight, in case of payment in foreign currency. * The Tariff Rates indicated in Annexures (I, II & III) shall be maximum Tariff to be charged. * **Compliance:** M/s IKPL should ensure compliance towards Standardization of Ground Handling Equipment at Netaji Subhash Chandra Bose International Airport, Kolkata. * **Stakeholder Comments:** Written feedback, comments, and suggestions are welcomed by February 2, 2024. **Impact Analysis** **M/s Indothai Kolkata Private Limited (IKPL)** **Impact:** * IKPL's tariff structure for ground handling services at Netaji Subhash Chandra Bose International Airport, Kolkata, will be determined for FY 2023-24 to FY 2027-28 based on the consultation and AERA's analysis. * IKPL is required to adhere to the determined tariff rates and ensure compliance with standardization directives. **Action Required:** * Ensure compliance towards Standardization of Ground Handling Equipment at Netaji Subhash Chandra Bose International Airport, Kolkata in accordance with the directives issued by Ministry of Civil Aviation. **Airlines / Users of Ground Handling Services** **Impact:** * Tariff rates for ground handling services will affect their operating costs at Netaji Subhash Chandra Bose International Airport, Kolkata. * The standardization of ground handling equipment may affect the efficiency and quality of services provided. **Action Required:** * Provide feedback and comments on the proposed tariff structure and any other relevant aspects by February 2, 2024. **Airports Authority of India (AAI)** **Impact:** * As the airport operator, AAI is a stakeholder in ensuring efficient and fairly priced ground handling services at Netaji Subhash Chandra Bose International Airport, Kolkata. **Action Required:** * Provide feedback and comments on the proposed tariff structure and any other relevant aspects by February 2, 2024.

Key Entities Referenced

Airports Economic Regulatory Authority of India (AERA): The primary regulator determining tariffs in this consultation paper. IndoThai Kolkata Private Limited (IKPL): The service provider (ISP) requesting tariff determination for ground handling services. Netaji Subhash Chandra Bose International Airport, Kolkata: The airport where the tariff determination will apply to IKPL's services. AERA Act, 2008: The act that provides the legal basis for the Airports Economic Regulatory Authority of India’s (AERA) power. Multi-Year Tariff Proposal (MYTP): The tariff proposal submitted by IndoThai Kolkata Private Limited (IKPL) to AERA for tariff determination.
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फा. सं. ऐरा/20010/एमवाईटीपी/इडं ोथाई/जीएच/कोलकाता /सीपी-III/2021-26 F. No. AERA/20010/ MYTP/IndoThai/GH/Kolkata/CP-III/2021-26 परामर्श पत्र संख्य ा 24/2023-24 Consultation Paper No. 24/2023-24 भारतीय विमानपत् तन आवथशक विवनयामक प्राविकरण Airports Economic Regulatory Authority of India मैससश इडं ोथाई कोलकाता प्राइिेट वलवमटेड (आई.के .पी.एल.) की नेताजी सभु ाष चन्द्र बोस अंतराशष्ट्रीय हिाईअड्डा, कोलकाता में प्रदान की जा रही ग्राउंड हैंडवलंग सेिाओ ंके वलए प्रथम वनयत्रं ण अिवि के वलए (वित्त िर्श 2023-24 स े वित्त िर्श 2027-28) टैररफ वनिाशररत करने के मामले में IN THE MATTER OF DETERMINATION OF TARIFF IN RESPECT OF THE GROUND HANDLING SERVICES FOR M/s INDOTHAI KOLKATA PRIVATE LIMITED (IKPL) AT NETAJI SUBHASH CHANDRA BOSE INTERNATIONAL AIRPORT, KOLKATA FOR THE FIRST CONTROL PERIOD (FY 2023-24 TO FY 2027-28) जारी करने की तारीख : 13.01.2024 Date of Issue: 13.01.2024 ऐरा बिब्डंग/AE RA Building प्रशासबिक पररसर/Administrative Complex सफदरजंग हवाईअड्डा/Safdarjung Airport िई बद् ली/New Delhi – 110003 Consultation Paper No. 24/2023-24 Page 1 of 29STAKEHOLDERS’ COMMENTS The Authority has released this Consultation Paper, after considering various assumptions stipulated in the Multi-Year Tariff Proposal (‘MYTP’) submitted by the M/s IndoThai Kolkata Private Limited (IKPL) in respect of Netaji Subhash Chandra Bose International Airport, Kolkata. Accordingly, the Authority’s proposals on the various aspects of the Tariff determination process have been explained in detail in this Consultation Paper. Thus, in accordance with the provisions of Section 13(4) of the AERA Act, 2008, the written comments on Consultation Paper No. 24/2023-24 dated 13.01.2024 are invited from the Stakeholders, preferably in electronic form, at the following address: Director (P&S, Tariff), Airports Economic Regulatory Authority of India (AERA), AERA Administrative Complex, Safdarjung Airport, New Delhi – 110003, India. Email: satish.kr@aera.gov.in; prabhjot.marwah@nic.in Copy to: director-ps@aera.gov.in; secretary@aera.gov.in Last date for submission of Stakeholders’ Comments 02.02.2024 Last date for submission of Counter Comments 09.02.2024 Comments and counter comments will be posted on AERA’s website: www.aera.gov.in For any clarification/information, Director (P&S, Tariff) may be contacted at Telephone No. +91-11-24695048 Consultation Paper No. 24/2023-24 Page 2 of 29TABLE OF CONTENTS Chapter 1: Introduction……...………….…………………………………………………………….......6 Chapter 2: Principles for the Determination of Tariff for the Aeronautical Services……….……....8 Chapter 3: Aircraft Traffic (Flights to be handled)……………………………….………………………10 Chapter 4: Capital Expenditure (CAPEX)……………..…….……………………………………...…....13 Chapter 5: Revenue from Operations, Operating Expenditure and Projected Profitability…………...…..16 Chapter 6: Annual Tariff Proposal………………...……………………………………………………20 Chapter 7: Summary of Authority’s Proposals…………………..……………………………………24 Chapter 8: Stakeholders' Consultation………..……….…………………………….....…………………25 Annexure I: Tariff Rate Card for M/s IKPL in respect of Domestic & International Scheduled Flights for the First Control Period (FY 2023-24 to FY 2027-28) at Netaji Subhash Chandra Bose International Airport, Kolkata proposed by AERA for Stakeholders’ Consultation……….26 Annexure II: Tariff Rate Card for M/s IKPL in respect of International “Non-Scheduled & General Aviation Flights” for the First Control Period (FY 2023-24 to FY 2027-28) at Netaji Subhash Chandra Bose International Airport, Kolkata proposed by AERA for Stakeholders’ Consultation....……………………………………………………..……………………....27 Annexure III: Item-wise Charges for Ground Handling Services in respect of M/s IKPL at Netaji Subhash Chandra Bose International Airport, Kolkata proposed by AERA for Stakeholders’ Consultation….……...………………….……………..…..……....………………………. 28 Consultation Paper No. 24/2023-24 Page 3 of 29LIST OF TABLES Table Page Particulars No. No. 1 Shareholding Structure of M/s IKPL, Kolkata 6 Actual Aircraft Traffic handled at Netaji Subhash Chandra Bose International 2 10 Airport, Kolkata from FY 2018-19 to FY 2022-23 Projected Aircraft Traffic (Flights to be handled by the ISP) submitted by M/s IKPL 3 10 for the First Control Period 4 Projected Capital Expenditure submitted by M/s IKPL for the First Control Period 13 Breakup of Projected Capital Expenditure as submitted by M/s IKPL for the First 5 13 Control Period Revenue, Operating Expenditure and Profitability projected by M/s IKPL for the First 6 16 Control Period. Year-on-Year Percentage (%) increase in the Revenue and Operation & Maintenance 7 17 Expenditure during the First Control Period Proposed Tariff Rates for Scheduled Flights submitted by M/s IKPL for the First 8 20 Control Period Statement of Y-o-Y Percentage (%) increase in Tariff Rates in respect of Different 9 21 Categories of Scheduled Flights for the First Control Period Proposed Tariff Rates for Non-Scheduled Flights submitted by M/s IKPL for the First 10 22 Control Period Consultation Paper No. 24/2023-24 Page 4 of 29List of Abbreviations: AERA / Authority Airports Economic Regulatory Authority of India AIASL AI Airport Services Limited ATM Air Traffic Movement ATP Annual Tariff Proposal BCAS Bureau of Civil Aviation Security CAPEX Capital Expenditure COD Commercial Operations Date CGF Cargo Facility, Ground Handling & Supply of Fuel to the Aircraft EBIDTA Earnings Before Interest, Depreciation, Tax and Amortization GHA Ground Handling Agencies GHS Ground Handling Services INR/₹ Indian Rupees IKPL IndoThai Kolkata Private Limited ISP Independent Service Provider ITAMSPL IndoThai Airport Management Services Private Limited LOIA Letter of Intent to Award MAG Minimum Annual Guarantee MoM Minutes of Meeting MTOW Maximum Take Off Weight MYTP Multi-Year Tariff Proposal NSCBIA Netaji Subhash Chandra Bose International Airport NSOP Non-Scheduled Operation OPEX Operating Expenditure O&M Operation and Maintenance PAT Profit After Tax P&L Profit & Loss RAB Regulatory Asset Base SPV Special Purpose Vehicle Y-o-Y Year on Year Consultation Paper No. 24/2023-24 Page 5 of 29CHAPTER 1: INTRODUCTION 1.1 M/s IndoThai Airport Management Services Pvt. Ltd. (ITAMSPL) was awarded Concession to provide Ground Handling Services at Netaji Subhash Chandra Bose International Airport, Kolkata (NSCBIA) by the Airport Operator i.e., Airports Authority of India (AAI), vide Letter of Intent to Award (LOIA) dated 11.01.2021. 1.2 As per the LOIA, a Special Purpose Vehicle (SPV) was required to be formed by the M/s ITAMSPL within 30 days from the date of issuance of LOIA, for entering into concession agreement with AAI and implementing the Concession to provide ground handling services at Netaji Subhash Chandra Bose International Airport, Kolkata. Accordingly, a SPV namely M/s IndoThai Kolkata Private Limited (IKPL), was incorporated under the Indian Companies Act, 2013 on 08.02.2021. 1.3 The Airport Operator (AAI) and M/s IKPL (Special Purpose Vehicle) entered into a Concession Agreement on 16.07.2021, for a provision of Ground Handling Services at Netaji Subhash Chandra Bose International Airport, Kolkata for a period of 10 years from the ‘Commercial Operations Date’ (COD) i.e., 01.04.2022. The Concession term is further extendable for a period of one year at the sole discretion of AAI. 1.4 The shareholding structure of the M/s IndoThai Kolkata Pvt. Ltd., as informed by the ISP, is tabulated as below: Table-1: Shareholding Structure of M/s IKPL, Kolkata: Shareholding Name of Shareholder No. of Shares (%) M/s IndoThai Airport Management Services 9,900 99% Private Limited Shyam Sunder Malani 100 1% Total 10,000 100% 1.5 M/s IndoThai Kolkata Private Limited was granted security clearance vide Bureau of Civil Aviation Security (BCAS) letter dated 05.07.2021, which is valid for a period of five years from the date of issuance of security clearance or the period of validity of contract with the Airport Operator, whichever is earlier. 1.6 Upon receipt of request from M/s IndoThai Airport Management Services Pvt. Ltd. vide letter dated 24.09.2021, the Authority, vide its Order No. 26/2021-22 dated 15.11.2021, allowed M/s IndoThai Kolkata Pvt. Ltd. to levy and collect, on Ad-hoc basis, tariff for Ground Handling Services at Netaji Subhash Chandra Bose International Airport, Kolkata for the period from 01.12.2021 to 31.03.2022. Subsequently, Ad-hoc tariff has been extended by the Authority vide following orders: (i) Order No. 46/2021-22 dated 17.03.2022 – extended the Ad-hoc tariff up to 30.09.2022; (ii) Order No. 24/2022-23 dated 23.09.2022 – extended the Ad-hoc tariff up to 31.03.2023; Consultation Paper No. 24/2023-24 Page 6 of 29(iii) Order No. 42/2022-23 dated 23.03.2023 – extended the Ad-hoc tariff up to 30.09.2023; (iv) Order no. 20/2023-24 dated 27.09.2023 - further extended the Ad-hoc Tariff (as on 30.09.2023) for the period from 01.10.2023 up to 31.03.2024, or, till the determination of regular Tariff for the ISP, whichever is earlier. 1.7 As per the provisions of the Airports Economic Regulatory Authority of India (Terms and Conditions for Determination of Tariff for Services provided for Cargo Facility, Ground Handling and supply of Fuel to the Aircraft) Guidelines, 2011 (CGF Guidelines), M/s IndoThai Kolkata Private Limited (IKPL) submitted the Multi Year Tariff Proposal (‘MYTP’) for determination of regular Tariff pertaining to the First Control Period, in respect of Ground Handling Services being provided by the ISP at Netaji Subhash Chandra Bose International Airport, Kolkata. 1.8 M/s IKPL, initially submitted the MYTP/ ATP for the First Control Period on 29.09.2023. Subsequently, the ISP based on AERA observations on various aspects of the MYTP, submitted the revised MYTP on 14.12.2023 to the Authority for the First Control Period from FY 2023- 24 to FY 2027-28. 1.9 The Authority, after having examined the MYTP submission of the M/s IndoThai Kolkata Private Limited in detail and taking into account the additional information/clarifications furnished by the ISP, has issued this Consultation Paper for stakeholders’ consultation. Consultation Paper No. 24/2023-24 Page 7 of 29CHAPTER 2: PRINCIPLES FOR THE DETERMINATION OF TARIFF FOR THE AERONAUTICAL SERVICES 2.1 The Authority, vide Order No. 12/2010-11 dated 10.01.2011, finalized its approach in the matter of Regulatory Philosophy and Approach in Economic Regulation of the Services provided for Cargo Facility, Ground Handling and Supply of Fuel to the Aircraft at the Major Airports. Accordingly, the Authority issued the Airports Economic Regulatory Authority of India (Terms and Conditions for Determination of Tariff for Services provided for Cargo Facility, Ground Handling and supply of Fuel to the Aircraft) Guidelines, 2011 (“CGF Guidelines”), vide its Direction No. 04/2010-11 dated 10.01.2011. 2.2 In accordance with the above mentioned AERA CGF Guidelines, the following procedure is adopted for the determination of the Materiality Index of the Regulated Service as per clause 4.4 of the Guidelines: STAGE I: MATERIALITY ASSESSMENT: 𝑰𝒏𝒕. 𝑨𝒊𝒓𝒄𝒓𝒂𝒇𝒕 𝑴𝒐𝒗𝒆𝒎𝒆𝒏𝒕𝒔 𝒂𝒕 𝑴𝒂𝒋𝒐𝒓 𝑨𝒊𝒓𝒑𝒐𝒓𝒕 2.3 Materiality Index (MI ) = 𝑿𝟏𝟎𝟎 G 𝑻𝒐𝒕𝒂𝒍 𝑰𝒏𝒕𝒍. 𝑨𝒊𝒓𝒄𝒓𝒂𝒇𝒕 𝑴𝒐𝒗𝒆𝒎𝒆𝒏𝒕𝒔 𝒂𝒕 𝑴𝒂𝒋𝒐𝒓 𝑨𝒊𝒓𝒑𝒐𝒓𝒕𝒔 The Materiality Index for Kolkata Airport = 23972/420772 = 5.70% The percentage share of Netaji Subhash Chandra Bose International Airport, Kolkata, in respect of International Aircraft Movements, for the FY 2019-20 (Pre-Covid Year) is 5.70%, which is more than 5% Materiality Index (MI ) for the subject regulated service. Hence, the Regulated Service is deemed G ‘Material’ for the First Control Period at Netaji Subhash Chandra Bose International Airport, Kolkata as per clause 4.4(ii) of the Guidelines. STAGE II: COMPETITION ASSESSMENT: 2.4 The Authority notes that as per the information furnished by M/s IndoThai Kolkata Private Limited in Form F1 (b) on competition Assessment, M/s AI Airport Services Limited (AIASL) is also rendering similar services at Netaji Subhash Chandra Bose International Airport, Kolkata. Hence, the Regulated Service is deemed ‘Competitive’ for the First Control Period at Netaji Subhash Chandra Bose International Airport, Kolkata. 2.5 As per Clause 3.2 (ii) of the CGF Guidelines, wherever the Regulated Service provided is ‘Material but Competitive’, the Authority shall determine Tariff(s) for Service Provider(s) based on a ‘Light Touch Approach’ for the duration of the Control Period, as per the provisions of Chapter V of the Guidelines. 2.6 As per clause 11.2 of the AERA CGF Guidelines 2011, the Annual Tariff Proposal (ATP) is required to be submitted in the manner and form provided in AI 8.2 of Appendix-I to the Guidelines and should be supported by the following: a) Documented evidence that consultation with the stakeholders have been undertaken; b) Evidence of User Agreement(s), if any, between the Service Provider and the User of Regulated Service(s) clearly indicating the Tariff(s) that are proposed by the Service Provider. Consultation Paper No. 24/2023-24 Page 8 of 292.7 The Authority notes that M/s IKPL has submitted the Annual Tariff Proposal (ATP) along with its MYTP. It is observed that the ISP conducted stakeholders’ consultation meeting on 25th September, 2023 and has submitted Minutes of Meeting (MoM) to the Authority, vide email dated 27.12.2023. As per the MoM, the representatives of M/s IKPL, Vistara Airlines, AIX Connect, Air Arabia, Malindo Air & GSEC Monarch & Deccan Aviation participated in the above referred consultation meeting. From the MoM, it is noted that none of the stakeholders has raised any issue regarding the Tariff proposed by ISP, for the First Control Period. Authority’s Proposal regarding Principles for the Determination of Tariff for the Aeronautical Services: 2.8 Based on the material before it and its analysis, the Authority proposes to consider the Tariff determination exercise for M/s IKPL, in respect of Ground Handling Services being provided by the ISP at Netaji Subhash Chandra Bose International Airport, Kolkata under the ‘Light Touch Approach’ for the First Control Period, as the regulated service is deemed ‘Material but Competitive’. Consultation Paper No. 24/2023-24 Page 9 of 29CHAPTER 3: AIRCRAFT TRAFFIC (FLIGHTS TO BE HANDLED) M/s IKPL’s submission on Projected Aircraft Traffic (Flights to be Handled) for the First Control Period as part of MYTP 3.1 Actual Aircraft Traffic (No. of Landings) handled at Netaji Subhash Chandra Bose International Airport, Kolkata from FY 2018-19 to FY 2022-23 is given below: Table 2: Actual Aircraft Traffic handled at Netaji Subhash Chandra Bose International Airport, Kolkata from FY 2018-19 to FY 2022-23 Total number of Landing at Y-o-Y % increase Year Kolkata Airport Domestic International Total Domestic International Total 2018-19 69,507 11,506 81,013 -- -- -- 2019-20 70,895 11,986 82,881 2% 4.2% 2.3% 2020-21 33,208 2,877 36,085 -53.2% -75.9% -56.5% 2021-22 45,865 4,068 49,933 38.1% 41.4% 38.4% 2022-23 59,783 8,866 68,649 30.4% 117.9% 37.5% 2023-24 (up to 40,299 6,672 46,971 -- -- -- Nov. 2023) 3.2 Projected Aircraft Traffic (flights to be handled) for the First Control Period submitted by M/s IKPL is given below in Table 3: Table 3: Projected Aircraft Traffic (Flights to be handled by the ISP) submitted by M/s IKPL for the First Control Period Flights to be handled by M/s IKPL for the First Control Total (No. of Period Y-o-Y % increase Landings) Year Domestic International (No. of (No. of Landings) Landings) Domestic International Total 2023-24 10,985 1,395 12,380 -- -- -- 2024-25 11,535 1,710 13,245 5% 23% 7% 2025-26 12,110 2,052 14,162 5% 20% 7% 2026-27 12,715 2,462 15,177 5% 20% 7% 2027-28 12,842 2,487 15,329 1% 1% 1% TOTAL 60,187 10,106 70,293 Consultation Paper No. 24/2023-24 Page 10 of 29Authority’s Examination of the Projected Aircraft Traffic (Flights to be handled by the ISP): 3.3 The ISP started its commercial operations at NSCBIA, Kolkata with effect from 01.04.2022. The Authority, for the purpose of determination of regular Tariff for M/s IKPL at Netaji Subhash Chandra Bose International Airport, Kolkata has considered FY 2023-24 as the First Tariff Year and FY 2027-28 as the Fifth/ Last Tariff Year of the First Control Period. 3.4 The Authority notes that M/s IKPL has projected a Y-o-Y increase of 7% for all Tariff Years of the Control Period, in respect of Aircraft Traffic (flights to be handled), except for FY 2027-28 where the ISP has projected an increase of 1% in the Total Aircraft Traffic (Flights to be handled). 3.5 As per the statistics available at AAI website, the total Aircraft Traffic (Domestic and International) at Netaji Subhash Chandra Bose International Airport, Kolkata in FY 2022-23 had reached to 82.8% of the actual Aircraft Traffic handled in the pre-Covid year i.e., FY 2019-20. 3.6 Based on the projected Aircraft Traffic volumes for the FY 2023-24 (Table 3) when compared to the actual number of total flights handled in the FY 2022-23, the Authority notes that the ISP is expected to have market share of around 18% (number of flights i.e., 12380 nos. to be handled in FY 2023-24 by the ISP / total number of flights handled at the airport in FY 2022-23 i.e., 68649 nos.) in the Ground Handling Services at the Netaji Subhash Chandra Bose International Airport, Kolkata. 3.7 The Authority observes from the AAI statistics that the aircraft movements for the period from April, 2023 to November, 2023 in respect of the Netaji Subhash Chandra Bose International Airport, Kolkata have increased by 4%, as compared to the corresponding period of FY 2022-23. 3.8 As regard to the actual number of Flights handled by M/s IKPL during the current financial year i.e. FY 2023-24, the ISP vide Email dated 05.12.2023 informed the Authority that they have handled the following flights from 01.04.2023 till 31.10.2023 which is around 48% of the Total Flights proposed to be handled (12,380) by the ISP during the current financial year: a) Scheduled Operation : 5542 flights b) Non-Scheduled Operation (NSOP) : 348 flights 3.9 The details of the agencies providing Ground Handling Services to the major airlines at Netaji Subhash Chandra Bose International Airport, Kolkata, as per the ISP, is tabulated below: Airline Ground Handling Agency/ Self Handling Akasa Air AIX Connect Vistara Airlines Etihad Airways M/s IKPL Malindo Airlines Air Arabia GSEC Monarch Airlines Air India Consultation Paper No. 24/2023-24 Page 11 of 29Airline Ground Handling Agency/ Self Handling Air India M/s AI Airport Services Limited Indigo SpiceJet India One Air Alliance Air Druk Air Bhutan Airlines Qatar Airways Thai Airways Self-Handling by Airlines Air Asia/ Thai Air Asia Singapore Airlines Emirates Airlines Fly Dubai Biman Bangladesh Fly Big Air Asia X Berhad US Bangla 3.10 In view of the above and taking into account the market competition among the service providers at Netaji Subhash Chandra Bose International Airport, Kolkata, the aircraft traffic projected by the ISP for the First Control Period appears reasonable. Accordingly, the Authority proposes to adopt Aircraft traffic projections (flights to be handled) as submitted by M/s IKPL for the First Control Period (FY 2023-24 to FY 2027-28) as per Table 3 above. Authority’s Proposal regarding Aircraft Traffic Volume (Flights to be handled by the ISP) for the First Control Period: 3.11 Based on the material before it and its analysis, the Authority proposes to consider the Aircraft Traffic (Flights to be handled by the ISP) for the First Control Period as per Table 3. Consultation Paper No. 24/2023-24 Page 12 of 29CHAPTER 4: CAPITAL EXPENDITURE (CAPEX) M/s IKPL’s Submission on Capital Expenditure for the First Control Period 4.1 M/s IKPL has projected total Capital Expenditure (CAPEX) of ₹ 1879.94 Lakhs for the First Control Period. The planned CAPEX is proposed to be incurred during the Control Period (FY 2023-24 to FY 2027-28). The year-wise & category-wise Capital Expenditure projected by ISP is given below: Table 4: Projected Capital Expenditure submitted by M/s IKPL for the First Control Period (₹ in Lakhs) FY FY FY FY FY Particulars of Assets Total 2023-24 2024-25 2025-26 2026-27 2027-28 Ground Handling 285.17 390.04 328.30 305.37 137.35 1,446.23 Equipment Vehicles 170.18 26.07 12.51 1 63.07 28.81 400.64 Furniture and Fittings 7.29 5.00 5.00 2.00 2.00 21.29 Office Equipment 6.77 1.00 1.00 1.00 2.00 11.77 Total 469.41 422.11 346.81 471.44 170.16 1,879.93 4.2 As a part of MYTP, the ISP has also provided detailed bifurcation of the proposed CAPEX for the First Control Period as under: Table 5: Breakup of Projected Capital Expenditure as submitted by M/s IKPL for the First Control Period (₹ in Lakhs) FY FY FY FY FY Sl. no. Particulars Cost/ 2023-24 2024-25 2025-26 2026-27 2027-28 Ground Unit Total 1. Handling Qty. Amount Qty. Amount Qty. Amount Qty. Amount Qty. Amount Equipment: Push Back – 87.57 - 0.00 - 0.00 2 175.15 - 0.00 - 0.00 175.15 Medium Air Cooler Unit - 137.00 1 137.00 - 0.00 - 0.00 1 137.00 - 0.00 274.00 110 Ton Towbar 6.82 2 13.65 - 0.00 1 6.82 1 6.82 1 6.82 34.11 Tugs 25.00 - 0.00 - 0.00 2 50.00 - 0.00 1 25.00 75.00 Electric Baggage 26.57 - 0.00 8 212.58 - 0.00 4 106.29 1 26.57 345.44 Tractors Baggage Tractor 7.03 - 0.00 4 28.13 - 0.00 2 14.06 - 0.00 42.19 – Battery Ground Power 42.58 - 0.00 - 0.00 2 85.17 - 0.00 1 42.59 127.76 Unit - 90 KVA Electric baggage 6.20 - 0.00 7 43.33 - 0.00 - 0.00 1 6.20 49.53 Conveyor Belt Towable Pax 8.48 - 0.00 9 76.28 - 0.00 - 0.00 1 8.48 84.76 Step ladder Towable toilet 3.97 - 0.00 2 7.94 - 0.00 - 0.00 1 3.97 11.91 cart Towable water 4.07 - 0.00 2 8.14 - 0.00 - 0.00 1 4.07 12.21 cart Vacuum Cleaner 0.50 - 0.00 4 2.00 - 0.00 2 1.00 2 1.00 4.00 Baggage Trolley 0.78 47 36.79 - 0.00 - 0.00 25 19.57 10 7.83 64.19 – Covered Consultation Paper No. 24/2023-24 Page 13 of 29Container/pallet 1.54 38 58.55 - 0.00 - 0.00 - 0.00 - 0.00 58.55 Dolly Ambulift 12.00 1 12.00 - 0.00 - 0.00 1 12.00 - 0.00 24.00 Towable Fire Extinguisher 0.15 2 0.30 2 0.30 - 0.00 2 0.30 2 0.30 1.20 Trolley Trestle/Ladder 2.00 1 2.00 - 0.00 2 4.00 - 0.00 - 0.00 6.00 Wheelchairs 0.12 77 9.72 50 6.31 - 0.00 50 6.31 20 2.52 24.86 Fuel Bowser- 5.15 1 5.15 - 0.00 1 5.15 - 0.00 - 0.00 10.30 Towable Miscellaneous 10.00 5.00 2.00 2.00 2.00 21.00 Total 285.17 390.04 328.30 305.37 137.35 1446.23 2. Vehicles: Coaches – 68.50 2 137.00 - 0.00 - 0.00 2 137.00 - 0.00 274.00 Passenger Car – Toyota 18.96 1 18.96 1 18.96 - 0.00 1 18.96 - 0.00 56.88 Car – Nissan 6.22 - 0.00 - 0.00 - 0.00 - 0.00 1 6.22 6.22 Car – Creta 11.37 - 0.00 - 0.00 - 0.00 - 0.00 1 11.37 11.37 Car – Ertiga 8.71 - 0.00 - 0.00 - 0.00 - 0.00 1 8.71 8.71 Car – Honda 12.51 - 0.00 - 0.00 1 12.51 - 0.00 - 0.00 12.51 City Car – Swift 2.50 - 0.00 - 0.00 - 0.00 - 0.00 1 2.50 2.50 Dzire Tata Yodha 7.11 2 14.22 1 7.11 - 0.00 1 7.11 - 0.00 28.44 Total 170.18 26.07 12.51 163.07 28.80 400.63 Furniture & 3. 7.30 5.00 5.00 2.00 2.00 21.30 Fittings Office 4. 6.77 1.00 1.00 1.00 2.00 11.77 Equipment GRAND TOTAL 469.41 422.11 346.81 471.44 170.16 1879.93 Authority’s Examination of the CAPEX proposed by the ISP: 4.3 The Authority notes that the ISP is providing Ground Handling Services (GHS) at Netaji Subhash Chandra Bose International Airport, Kolkata from 01.04.2022 and accordingly made investments in necessary Ground Handling Equipment etc. during FY 2021-22 & FY 2022-23. As per the ISP submission, M/s IKPL has an Opening Regulatory Asset Base (RAB) of ₹ 5095.53 lakhs as on 01.04.2023. The ISP has projected a further CAPEX of ₹ 1879.93 lakhs during the First Control Period (FY 2023-24 to FY 2027-28). 4.4 Out of Total projected CAPEX for the Control Period, M/s IKPL has earmarked a major portion of the CAPEX i.e., ₹ 1446.23 lakhs (77%) on the Ground Handling Equipment and ₹ 400.63 lakhs (21.3%) on the procurement of vehicles. 4.5 The ISP vide email dated 08.01.2024 provided copy of invoices of CAPEX amounting to ₹ 109.21 lakhs approx. which is 23% of the total CAPEX proposed for FY 2023-24. The ISP also informed that the remaining CAPEX in respect of the FY 2023-24 will be incurred during the remaining period of the current financial year. 4.6 The Authority, based on its examination observes that M/s IKPL has proposed the necessary CAPEX on assets/ equipment which are essential for the smooth ground handling operations at the Airport. The Authority, therefore, proposes to consider the projected CAPEX for the First Control Period as submitted by the ISP, as per Table 4 above. Consultation Paper No. 24/2023-24 Page 14 of 294.7 The Authority advises the ISP to claim GST Input Tax Credits (ITC) on the procurement of various eligible movable assets etc. and exclude the GST component from the capitalized value of such Assets. Authority’s Proposal regarding CAPEX for the First Control Period 4.8 Based on the material before it and its analysis, the Authority proposes to consider the CAPEX projected for the First Control Period as per Table 4. Consultation Paper No. 24/2023-24 Page 15 of 29CHAPTER 5: REVENUE FROM OPERATIONS, OPERATING EXPENDITURE AND PROJECTED PROFITABILITY M/s IKPL’s Submission on Operating Expenditure for the First Control Period 5.1 As provided in Clause 9.4 of the Guidelines mentioned in Direction No. 04/2010-11, the Operation and Maintenance (O&M) Expenditure shall include all expenditures incurred by the Service Provider(s) including expenditure incurred on security operating costs, other mandated operating costs and statutory operating costs. 5.2 Operation and Maintenance Expenditures of M/s IKPL for its Ground Handling operations at Netaji Subhash Chandra Bose International Airport, Kolkata, have been broadly categorized as under: a) Payroll Cost; b) Repair and Maintenance Costs; c) Concession Fee/ Revenue Share payable to Airport Operator; d) Utilities & Outsourcing Expenses; e) Administrative and Other Expenses. 5.3 As per the MYTP submission, Revenue, Operating Expenditure (OPEX) and Profitability projected by the ISP for the First Control Period (FY 2023-24 to FY 2027-28) is as under: Table 6: Revenue, Operating Expenditure and Profitability projected by M/s IKPL for the First Control Period (₹ in Lakhs) FY FY FY FY FY Particulars TOTAL 2023-24 2024-25 2025-26 2026-27 2027-28 Revenue from Regulated Services (A) 3805.84 4441.34 5163.65 6031.65 6365.83 25,808.30 Revenue from other than Regulated Services (B) - - - - - - Total Revenue from the Services (A+B) = (C) 3805.84 4441.34 5163.65 6031.65 6365.83 25,808.30 Operating Expenditure (OPEX) Payroll Cost (i) 1,779.23 1,957.15 2,152.87 2,368.16 2,604.97 10,862.38 Repair and Maintenance Costs (ii) 25.64 27.63 29.78 32.09 34.59 149.73 Concession Fee/ Revenue Share payable to 1,468.80 1,175.04 940.03 752.03 601.62 4,937.52 Airport Operator (iii) Utilities & Outsourcing Expenses (iv) 1.81 1.90 1.99 2.09 2.20 9.99 Administrative & Other Expenses (v) 509.10 541.68 576.30 613.23 652.62 2,892.93 Total OPEX (i+ii+iii+iv+v) = (D) 3,784.58 3,703.40 3,700.97 3,767.60 3,896.00 18,852.55 Earnings Before Interest, Tax, Depreciation and 21.25 737.94 1,462.67 2,264.05 2,469.83 6,955.75 Amortization (EBITDA) (C-D) = (E) Depreciation and Amortization (F) 556.49 543.06 523.43 518.23 483.43 2,624.64 Interest & Finance Charges (G) 351.26 317.90 264.73 192.67 156.75 1,283.30 Profit Before Tax (PBT) (E-F-G) = (H) (886.50) (123.01) 674.51 1,553.14 1,829.66 3,047.81 Provision for Tax (Calculated after taking in to an - - - - 90.47 90.47 account the previous years anticipated losses) (I) Profit After Tax (PAT) (H-I) = (J) (886.50) (123.01) 674.51 1,553.14 1739.19 2957.34 Consultation Paper No. 24/2023-24 Page 16 of 29Authority’s Examination and Analysis: 5.4 The Authority has analyzed the Operating Expenditure of the ISP, as provided in Form F3 (P&L) of the MYTP, for the First Control Period and observes that the ISP has considered the following % increase in Revenue & OPEX on Y-o-Y basis from the second tariff year onward, as indicated in the Table 7 below: Table 7: Year- on- Year Percentage (%) increase in the Revenue and Operation & Maintenance Expenditure during the First Control Period FY FY FY FY Particulars 2024-25 2025-26 2026-27 2027-28 Total Revenue from the Services 17% 16% 17% 6% Payroll Cost 10% 10% 10% 10% Repair and Maintenance Costs 8% 8% 8% 8% Concession Fee/ Revenue Share -20% -20% -20% -20% payable to Airport Operator Utilities & Outsourcing Expenses 5% 5% 5% 5% Administrative & Other Expenses 6% 6% 6% 6% 5.5 The Authority’s examination of Y-o-Y % growth considered by the M/s IKPL for the projected OPEX (from FY 2024-25 onward) is given in the following sections: a) Payroll Cost: The Authority notes that the ISP has projected a Y-o-Y increase of 10% in Payroll Costs for the Control Period. It is observed that the projected increase in payroll cost is commensurate with the projected growth in Revenue on Y-o-Y basis and it factors-in the proposed increase in the employees’ strength during the Control Period. Further, considering the impact of periodic increase in minimum wages and annual salary increments and related increase in statutory component like EPF etc., the Y-o-Y increase of 10% projected by the ISP in Payroll expenses for the First Control Period appears reasonable. b) Repair and Maintenance Costs: The Authority observes that M/s IKPL has projected a Y-o-Y increase of 8% in R&M expenses for all the Tariff Years during the Control Period. The Authority notes that as per the Concession Agreement, the ISP is required to maintain all the Ground Handling Equipment and Ground Handling Facilities in accordance with the specified minimum quality standards, in order to ensure the timely provision of the Ground Handling Services during the term of the agreement. It is imperative for the service provider to maintain and keep all the equipment / facilities in good working conditions all the times to provide better facilities to Users. Considering the above and taking in to account the impact of annual general inflation, including annual increase in labour component of Repair & Maintenance Costs, the Authority considers the projected R&M expenses for the First Control Period as reasonable. c) Concession Fee/ Revenue Share payable to Airport Operator: The Authority notes from the concession agreement executed between AAI and M/s IKPL that the ISP is required to pay concession fee as per the following: • 3% of the Actual Gross Revenue from Scheduled Domestic Passenger Flight(s). • 15% of the Actual Gross Revenue from Users other than Scheduled Domestic Passenger Flight(s) and RCS Flight(s). Consultation Paper No. 24/2023-24 Page 17 of 29• 0% for RCS Flights. The Authority further observes from the clause 7.1.2 of above said agreement, that every year the ISP shall pay ‘Premium’, which is maximum of “Minimum Annual Guarantee” (MAG) and the ‘Revenue Share’, calculated as per the clause 7.1.1 of the concession agreement. Considering the clause 7.1.2 of the concession agreement and clarification furnished by the ISP, the Authority proposes to consider the concession fee (premium) payable to the Airport Operator as projected by ISP, for the First Control Period. In the first year, Concessionaire will pay the maximum of the Revenue share or MAG quoted at the time of bid. From the second year onward, MAG for Concessionaire will be 80% of the previous year’s premium. As per the ISP, MAG during all the tariff years of the Control Period is expected to be higher than the ‘Revenue Share’ (calculated as per the clause no. 7.1.1 of the agreement), hence the ‘premium’ payable to the airport operator has been considered based on the MAG figures. Considering the above, the 20% de-escalation of Concession fee as projected by the ISP during all the tariff years of the Control Period is reasonable. d) Utilities and Outsourcing Expenses: The Authority notes that M/s IKPL proposed a Y-o-Y increase of 5% in the Utilities and Outsourcing Expenses from FY 2024-25 onward. The Utility & Outsourcing Expenses consist of mainly Power Charges. Further, the Power Expenses to large extent are linked with the number of flights handled by the service provider. The Authority observes that the Y-o-Y (%) increase projected in Utility & Outsourcing Expenses is commensurate with the projected increase in the aircraft traffic and the number of electricity units consumed. Considering the above, the Utility and Outsourcing Expenses projected for the Control Period by the ISP appears reasonable. e) Administrative & Other Expenses: The Authority notes that the Y-o-Y increase considered by M/s IKPL during the Control Period with respect to the Administrative and General Expenditure is around 6%. It is observed that Land/Space Rent is a major component of Admin. & General expenses (i.e. ₹ 1647 lakhs approx., which almost accounts for 57% of the total Admin. & General Expenses). The Authority notes from the clause no. 7.2 of the Concession Agreement with the Airport Operator (AAI) that ISP is required to execute a separate space and land agreements. The ISP, also provided copies of supplementary Space and land agreements/ and Invoices raised by AAI, as supporting documents towards Land/Space Rent Expenses. The Authority, from the supplementary agreement notes that the License fee will be escalated @ 7.5% Y-o-Y basis. Apart from Land/Space rent, the Administrative & General Expenses includes Professional Fee, Consumables, Transport Expenses, Office Expenses & other miscellaneous expenses etc. In view of the projected increase in the aircraft traffic (flights to be handled) and considering the impact of general inflation & annual escalation in Land/ Space Rent, the Y-o-Y increase of 6% projected by the ISP in respect of Administrative and Other Expenses for the First Control Period seems reasonable. 5.6 The Authority notes that as per the projected profitability statement for the First Control Period submitted by the M/s IKPL (Table no. 6), the ISP is expected to earn a profit of around ₹ 30 crores Consultation Paper No. 24/2023-24 Page 18 of 29and maintain overall profit margin (Total PAT/ Total Revenue) of around 11.5% for the First Control Period. 5.7 In view of the above analysis, the Authority proposes to consider the OPEX projected for the First Control Period as submitted by the ISP. Authority’s Proposals regarding Operation and Maintenance Expenses for the First Control Period: 5.8 Based on the available facts and its analysis, the Authority proposes to consider the OPEX projected for the First Control Period as per Table 6. Consultation Paper No. 24/2023-24 Page 19 of 29CHAPTER 6: ANNUAL TARIFF PROPOSAL M/s IKPL submission on the Annual Tariff Proposal for the First Control Period 6.1 M/s IKPL submitted its Tariff proposal for Ground Handling Services in respect of Scheduled Flights at Netaji Subhash Chandra Bose International Airport, Kolkata, for the First Control Period (FY 2023- 24 to FY 2027-28) as per Table given below: Table 8: Proposed Tariff Rates for Scheduled Flights submitted by M/s IKPL for the First Control Period (Rates in ₹) FY FY FY FY FY 2023-24 2024-25 2025-26 2026-27 2027-28 Full Full Full Full Full Pax Ramp Pax Ramp Pax Ramp Pax Ramp Pax Ramp Services Services Services Services Services (A) Passenger Flights Domestic Passenger Flight Code B 5198 7798 12996 5472 8208 13680 5760 8640 14400 6048 9072 15120 6350 9526 15876 Code C 6931 10397 17328 7296 10944 18240 7680 11520 19200 8064 12096 20160 8467 12701 21168 Code D 8664 12996 21660 9120 13680 22800 9600 14400 24000 10080 15120 25200 10584 15876 26460 Code E 20794 31190 51984 21888 32832 54720 23040 34560 57600 24192 36288 60480 25402 38102 63504 Code F 41587 62381 103968 43776 65664 109440 46080 69120 115200 48384 72576 120960 50803 76205 127008 International Passenger Flight Code B 21101 49236 70337 22212 51827 74039 23381 54555 77936 24550 57283 81833 25777 60147 85925 Code C 21660 50540 72200 22800 53200 76000 24000 56000 80000 25200 58800 84000 26460 61740 88200 Code D 26858 62670 89528 28272 65968 94240 29760 69440 99200 31248 72912 104160 32810 76558 109368 Code E 35522 82886 118408 37392 87248 124640 39360 91840 131200 41328 96432 137760 43394 101254 144648 Code F 40721 95015 135736 42864 100016 142880 45120 105280 150400 47376 110544 157920 49745 116071 165816 (B) Cargo Flights Domestic Cargo Flight Ramp Services Ramp Services Ramp Services Ramp Services Ramp Services Code B 39710 41800 44000 46200 48510 Code C 54150 57000 60000 63000 66150 Code D 144400 152000 160000 168000 176400 Code E 189525 199500 210000 220500 231525 Code F 225625 237500 250000 262500 275625 International Cargo Flight Ramp Services Ramp Services Ramp Services Ramp Services Ramp Services Code B 64980 68400 72000 75600 79380 Code C 158840 167200 176000 184800 194040 Code D 180500 190000 200000 210000 220500 Code E 198550 209000 220000 231000 242550 Code F 231040 243200 256000 268800 282240 Notes: 1. Any flight where either its arrival or departure are international, will also be considered as an International Flight for the purposes of applying above rates. 2. The above rates are for basic Handling Services. As per requirement, airlines/users ask for additional services. The rates for such additional services are given in Annexure-III. 3. The above rates are exclusive of GST and any other applicable Government taxes. Consultation Paper No. 24/2023-24 Page 20 of 296.2 M/s IKPL has proposed the following % increase in the Tariff Rates on Y-o-Y basis in respect of the Scheduled Flights at Netaji Subhash Chandra Bose International Airport, Kolkata as stated in the table below: Table 9: Statement of Y-o-Y Percentage (%) increase in Tariff Rates in respect of different categories of Scheduled Flights for the First Control Period FY FY FY FY 2024-25 2025-26 2026-27 2027-28 Full Full Full Full Pax Ramp Pax Ramp Pax Ramp Pax Ramp Services Services Services Services (A) Passenger Flights Domestic Passenger Flight Code B 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% Code C 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% Code D 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% Code E 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% Code F 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% International Passenger Flight Code B 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% Code C 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% Code D 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% Code E 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% Code F 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% (B) Cargo Flights Domestic Cargo Flight Ramp Services Ramp Services Ramp Services Ramp Services Code B 5% 5% 5% 5% Code C 5% 5% 5% 5% Code D 5% 5% 5% 5% Code E 5% 5% 5% 5% Code F 5% 5% 5% 5% International Cargo Flight Ramp Services Ramp Services Ramp Services Ramp Services Code B 5% 5% 5% 5% Code C 5% 5% 5% 5% Code D 5% 5% 5% 5% Code E 5% 5% 5% 5% Code F 5% 5% 5% 5% Consultation Paper No. 24/2023-24 Page 21 of 296.3 M/s IKPL has also submitted separate Tariff Rate Card for ‘Non-Scheduled and General Aviation Flights’ as per the table given below: - Table 10: Proposed Tariff Rates for Non-Scheduled Flights submitted by M/s IKPL for the First Control Period Financial FY FY FY FY FY Y ear 2023-24 2024-25 2025-26 2026-27 2027-28 A/C Domestic International Domestic International Domestic International Domestic International Domestic International Category Maximum Take Off Weight (MTOW) Helicopter 8123 13321 8550 14022 9000 14760 9450 15498 9923 16273 ≤ 6000 12184 27382 12825 28823 13500 30340 14175 31857 14884 33450 >6000 - 16696 37003 17575 38950 18500 41000 19425 43050 20396 45203 12000 >12000 - 27075 42553 28500 44793 30000 47150 31500 49508 33075 51983 25000 >25000 - 40613 64754 42750 68163 45000 71750 47250 75338 49613 79104 40000 >40000 - 54150 81406 57000 85690 60000 90200 63000 94710 66150 99446 70000 >70000 - 88445 109157 93100 114903 98000 120950 102900 126998 108045 133347 100000 > 100000 - 112813 162811 118750 171380 125000 180400 131250 189420 137813 198891 150000 > 150000 135375 185013 142500 194750 150000 205000 157500 215250 165375 226013 & above Notes: 1. The above rates are for basic Handling Services. As per requirement, airlines/users ask for additional services. The rates for which are given in Annexure-III. 2. The above rates are exclusive of GST and any other applicable Government taxes. Authority’s Examination and Analysis: 6.4 The Authority observes that in case of Scheduled Flights (Domestic and International), the ISP has proposed 5% Y-o-Y increase in Tariff Rates from FY 2024-25 onward (Table 9). 6.5 The Authority also notes that M/s IKPL has proposed a separate Tariff Rate card for Non-Scheduled Flights and similar to scheduled fights, the ISP has proposed an increase of 5% Y-o-Y basis from FY 2024-25 onward (Table 10). 6.6 Considering the Aircraft Traffic projected (Flights to be handled) by the ISP for the Control Period and projected increase in Operating Expenditure, due to factors like increase in number of manpower, annual increase in salary and wages, general inflation etc, the Authority considers the Y-o-Y increase in Tariff Rates @ 5% p.a. proposed by the ISP as reasonable. As per the Authority, the service provider requires a minimum revenue to meet its Operating Expenditure and earn a reasonable return on its investments. 6.7 The Authority is of the view that the Tariff for Domestic ‘Non-Scheduled and General Aviation Flights’, should not be more than the Tariff of relevant Domestic Scheduled Flights for a similar class of Aircraft(s). However, the Authority proposes to consider the separate Tariff Rate Card in case of International ‘Non-Scheduled & General Aviation Flights’ only, as per Annexure-II. 6.8 The Authority proposes that in case of payment in foreign currency, the RBI conversion rate as on the last day of the previous month will be applicable for the first fortnight and the rate as on 15th of the month will be applicable for the second fortnight. Consultation Paper No. 24/2023-24 Page 22 of 296.9 Further, M/s IKPL should ensure compliance towards Standardization of Ground Handling Equipment at Netaji Subhash Chandra Bose International Airport, Kolkata, in accordance with the directives issued by the Ministry of Civil Aviation, vide its letter no. AV-24011/10/2021-AAI-MOCA dated 27.10.2022. Authority’s Proposals regarding Tariff for Ground Handling Services for the First Control Period: Based on the available facts and its analysis, the Authority proposes the following Tariff structure and Annual Tariff Proposal for the First Control Period: 6.10 To consider the Tariff Rates for Ground Handling Services provided by M/s IKPL at Netaji Subhash Chandra Bose International Airport, Kolkata in respect of Scheduled Flights, International “Non- Scheduled & General Aviation Flights” and Item-wise Tariff Rate Card in respect of Ground Handling Services, for the First Control Period as per Annexures (I, II & III). 6.11 The Tariff for Domestic ‘Non-Scheduled and General Aviation Flights’, shall not exceed the approved Tariff(s) for relevant Domestic Scheduled Flights for similar class of Aircraft(s). 6.12 In case of payment in foreign currency, the RBI conversion rate as on the last day of the previous month will be applicable for the first fortnight and the rate prevailing as on the 15th of the month will be applicable for the second fortnight. 6.13 The Tariff Rates indicated in Annexures (I, II & III) shall be maximum Tariff to be charged. No other charge is to be levied over and above the approved Tariff Rates. 6.14 M/s IKPL shall ensure compliance towards Standardization of Ground Handling Equipment at Netaji Subhash Chandra Bose International Airport, Kolkata in accordance with the directives issued by Ministry of Civil Aviation vide its letter no. AV-240 11/10/2021-AAI-MOCA dated 27.10.2022. Consultation Paper No. 24/2023-24 Page 23 of 29CHAPTER 7: SUMMARY OF AUTHORITY’S PROPOSALS The below-mentioned summary provides the Authority's proposals relating to relevant chapters regarding the Tariff determination of M/s IKPL providing Ground Handling Services at Netaji Subhash Chandra Bose International Airport, Kolkata for Stakeholders’ Consultation purpose: Chapter Para Summary of Authority’s Proposals Page No. The Authority proposes to consider the Tariff determination exercise for M/s IKPL, in respect of Ground Handling Services being provided by the ISP at Chapter 2.8 Netaji Subhash Chandra Bose International Airport, Kolkata under the ‘Light 9 No.2 Touch Approach’ for the First Control Period, as the regulated service is deemed ‘Material but Competitive’. Chapter 3.11 The Authority proposes to consider the Aircraft Traffic (Flights to be handled 12 No. 3 by the ISP) for the First Control Period as per Table 3. Chapter 4.8 The Authority proposes to consider the CAPEX projected for the First 15 No. 4 Control Period as per Table 4. Chapter 5.8 The Authority proposes to consider the OPEX projected for the First Control 19 No. 5 Period as per Table 6. The Authority proposes to consider the Tariff Rates for Ground Handling Services provided by M/s IKPL at Netaji Subhash Chandra Bose International Airport, Kolkata in respect of Scheduled Flights, International 6.10 “Non-Scheduled & General Aviation Flights” and Item-wise Tariff Rate Card in respect of Ground Handling Services, for the First Control Period as per Annexures (I, II & III). The Authority proposes that the Tariff for Domestic ‘Non-Scheduled and 6.11 General Aviation Flights’, shall not exceed the approved Tariff(s) for relevant Domestic Scheduled Flights for similar class of Aircraft(s). In case of payment in foreign currency, the RBI conversion rate as on the last Chapter 23 No. 6 6.12 day of the previous month will be applicable for the first fortnight and the rate prevailing as on the 15th of the month will be applicable for the second fortnight. The Authority proposes that the Tariff Rates indicated in Annexures (I, II & 6.13 III) shall be maximum Tariff to be charged. No other charge is to be levied over and above the approved Tariff Rates. The Authority proposes that M/s IKPL shall ensure compliance towards Standardization of Ground Handling Equipment at Netaji Subhash Chandra 6.14 Bose International Airport, Kolkata in accordance with the directives issued by Ministry of Civil Aviation vide its letter no. AV-240 11/10/2021-AAI- MOCA dated 27.10.2022. Consultation Paper No. 24/2023-24 Page 24 of 29CHAPTER 8: STAKEHOLDERS’ CONSULTATION 8.1 In accordance with the provisions of Section 13(4) of the AERA Act, the Authority’s proposals contained in Chapter 7 above are hereby put forth for Stakeholders consultation. To assist the Stakeholders in making their submissions in a meaningful and constructive manner, necessary annexures are enclosed to the Consultation Paper (Annexures-I, II & III). 8.2 For removal of doubts, it is clarified that the contents of this Consultation Paper may not be construed as any Order or Direction of this Authority. The Authority shall pass an Order, in the matter, only after considering the submissions of the Stakeholders in response hereto and by making such decision fully documented and explained in the tariff order in terms of the provisions of the Act. 8.3 The Authority welcomes written evidence-based feedback, comments and suggestions from Stakeholders on the proposals made in Chapter 7 above, latest by 02.02.2024. Secretary, Airports Economic Regulatory Authority of India, AERA Building, Administrative Complex, Safdarjung Airport, New Delhi -110003 Tel: 011-24695044-47, Fax: 011-24695048 (Chairperson) Consultation Paper No. 24/2023-24 Page 25 of 29ANNEXURE I TARIFF RATE CARD FOR M/S IKPL IN RESPECT OF DOMESTIC* & INTERNATIONAL SCHEDULED FLIGHTS FOR THE FIRST CONTROL PERIOD (FY 2023-24 to FY 2027-28) AT NETAJI SUBHASH CHANDRA BOSE INTERNATIONAL AIRPORT, KOLKATA PROPOSED BY AERA FOR STAKEHOLDERS’ CONSULTATION Proposed Tariff Rates for the Ground Handling Services (Rates in ₹) FY FY FY FY FY 2023-24 2024-25 2025-26 2026-27 2027-28 Full Full Full Full Full Pax Ramp Pax Ramp Pax Ramp Pax Ramp Pax Ramp Services Services Services Services Services (A) Passenger Flights Domestic Passenger Flight Code B 5198 7798 12996 5472 8208 13680 5760 8640 14400 6048 9072 15120 6350 9526 15876 Code C 6931 10397 17328 7296 10944 18240 7680 11520 19200 8064 12096 20160 8467 12701 21168 Code D 8664 12996 21660 9120 13680 22800 9600 14400 24000 10080 15120 25200 10584 15876 26460 Code E 20794 31190 51984 21888 32832 54720 23040 34560 57600 24192 36288 60480 25402 38102 63504 Code F 41587 62381 103968 43776 65664 109440 46080 69120 115200 48384 72576 120960 50803 76205 127008 International Passenger Flight Code B 21101 49236 70337 22212 51827 74039 23381 54555 77936 24550 57283 81833 25777 60147 85925 Code C 21660 50540 72200 22800 53200 76000 24000 56000 80000 25200 58800 84000 26460 61740 88200 Code D 26858 62670 89528 28272 65968 94240 29760 69440 99200 31248 72912 104160 32810 76558 109368 Code E 35522 82886 118408 37392 87248 124640 39360 91840 131200 41328 96432 137760 43394 101254 144648 Code F 40721 95015 135736 42864 100016 142880 45120 105280 150400 47376 110544 157920 49745 116071 165816 (B) Cargo Flights Domestic Cargo Flight Ramp Services Ramp Services Ramp Services Ramp Services Ramp Services Code B 39710 41800 44000 46200 48510 Code C 54150 57000 60000 63000 66150 Code D 144400 152000 160000 168000 176400 Code E 189525 199500 210000 220500 231525 Code F 225625 237500 250000 262500 275625 International Cargo Flight Ramp Services Ramp Services Ramp Services Ramp Services Ramp Services Code B 64980 68400 72000 75600 79380 Code C 158840 167200 176000 184800 194040 Code D 180500 190000 200000 210000 220500 Code E 198550 209000 220000 231000 242550 Code F 231040 243200 256000 268800 282240 *Tariff for Domestic Scheduled Flights is also applicable to Domestic ‘Non-Scheduled & General Aviation Flights’. Notes: • Above Tariff Rates are excluding all applicable taxes. • Tariff determined shall be the maximum Tariff to be charged. No other charge is to be levied over and above the approved Tariff Rates. • For payment in foreign currency, the RBI conversion rate as on the last day of the previous month will be applicable for the First fortnight and the rate as on 15th of the month will be applicable for the second fortnight. Consultation Paper No. 24/2023-24 Page 26 of 29ANNEXURE II TARIFF RATE CARD FOR M/S IKPL IN RESPECT OF INTERNATIONAL “NON-SCHEDULED & GENERAL AVIATION FLIGHTS” FOR THE FIRST CONTROL PERIOD (FY 2023-24 to FY 2027-28) AT NETAJI SUBHASH CHANDRA BOSE INTERNATIONAL AIRPORT, KOLKATA PROPOSED BY AERA FOR STAKEHOLDERS’ CONSULTATION Proposed Tariff Rates for Ground Handling Services (Rates in ₹) Financial Year FY FY FY FY FY 2023-24 2024-25 2025-26 2026-27 2027-28 A/C Category Maximum Take Off Weight (MTOW) Helicopter 13321 14022 14760 15498 16273 ≤ 6000 27382 28823 30340 31857 33450 >6000 - 12000 37003 38950 41000 43050 45203 >12000 - 25000 42553 44793 47150 49508 51983 >25000 - 40000 64754 68163 71750 75338 79104 >40000 - 70000 81406 85690 90200 94710 99446 >70000 - 100000 109157 114903 120950 126998 133347 > 100000 - 150000 162811 171380 180400 189420 198891 > 150000 & above 185013 194750 205000 215250 226013 Notes: • Above Tariff Rates are excluding all applicable taxes. • Tariff indicated above shall be the maximum Tariff to be charged. No other charge is to be levied over and above the approved Tariff Rates. • For payment in foreign currency, the RBI conversion rate as on the last day of the previous month will be applicable for the first fortnight and the rate as on 15th of the month will be applicable for the second fortnight. Consultation Paper No. 24/2023-24 Page 27 of 29ANNEXURE III ITEM-WISE CHARGES FOR GROUND HANDLING SERVICES IN RESPECT OF M/s IKPL AT NETAJI SUBHASH CHANDRA BOSE INTERNATIONAL AIRPORT, KOLKATA PROPOSED BY AERA FOR STAKEHOLDERS’ CONSULTATION Maximum Item-wise Charges in respect of Domestic* & International Flights for the First Control Period (FY 2023-24 to FY 2027-28) (Rates in ₹) FY FY FY FY FY Sl. No SERVICES UNIT 2023-24 2024-25 2025-26 2026-27 2027-28 . Dom. Intl. Dom. Intl. Dom. Intl. Dom. Intl. Dom. Intl. Air Conditioning Unit Per Hour 1 11100 15000 11655 15750 12238 16538 12850 17364 13492 18233 (NB) Air Conditioning Unit Per Hour 2 18750 25000 19688 26250 20672 27563 21705 28941 22791 30388 (WB) 3 Air Starter Unit (NB) Per Start 7500 15000 7875 15750 8269 16538 8682 17364 9116 18233 4 Air Starter Unit (WB) Per Start 18750 25000 19688 26250 20672 27563 21705 28941 22791 30388 Aircraft Disinfection- Per Service 5 3000 16000 3150 16800 3308 17640 3473 18522 3647 19448 Freighter Aircrafts Aircraft Disinfection- Per Service 6 4000 8000 4200 8400 4410 8820 4631 9261 4862 9724 Pax Aircrafts Code C Aircraft Disinfection- Per Service 7 Pax Aircrafts Code 25000 32000 26250 33600 27563 35280 28941 37044 30388 38896 D/E Aircraft Disinfection- Per Service 8 - 40000 - 42000 - 44100 - 46305 - 48620 Pax Aircrafts Code F 9 Aircraft Marshalling Per Service 1875 2480 1969 2604 2067 2734 2171 2871 2279 3014 Ambulift Per Flight 10 5000 10000 5250 10500 5513 11025 5788 11576 6078 12155 Leg Apron Transport Per Trip 11 950 1600 998 1680 1047 1764 1100 1852 1155 1945 (Passenger) Arrange non- Per Flight scheduled Crew Hotel 12 10% of Exp. 10% of Exp. 10% of Exp. 10% of Exp. 10% of Exp. Accommodation (HOTAC) ATC payment Per Flight 13 10% of Exp. 10% of Exp. 10% of Exp. 10% of Exp. 10% of Exp. services 14 Baggage ID Per Service 10% of Exp. 10% of Exp. 10% of Exp. 10% of Exp. 10% of Exp. 15 Baggage /Cargo cart Per Hour 10% of Exp. 10% of Exp. 10% of Exp. 10% of Exp. 10% of Exp. Blue collar staff Per Staff 16 400 800 420 840 441 882 463 926 486 972 Per Hour 17 Crew Transport Per Trip 950 1600 998 1680 1047 1764 1100 1852 1155 1945 Deportee/inadmissibl Per 18 - 1200 - 1260 - 1323 - 1389 - 1459 e (INAD) handling Passenger Excess Baggage Fee As Per 19 10% of Exp. 10% of Exp. 10% of Exp. 10% of Exp. 10% of Exp. (% of collection) Collection Exterior Cleaning - Per Service 20 52500 - 55125 - 57881 - 60775 - 63814 - NB Exterior Cleaning - Per Service 21 150000 - 157500 - 165375 - 173644 - 182326 - WB Ground Power unit Per Hour 22 4700 10000 4935 10500 5182 11025 5441 11576 5713 12155 90KVA Ground Power unit Per Hour 23 9400 16800 9870 17640 10364 18522 10882 19448 11426 20421 180KVA Interior Deep Per Service 24 5000 8000 5250 8400 5513 8820 5788 9261 6078 9724 Cleaning - NB Consultation Paper No. 24/2023-24 Page 28 of 29FY FY FY FY FY Sl. No SERVICES UNIT 2023-24 2024-25 2025-26 2026-27 2027-28 . Dom. Intl. Dom. Intl. Dom. Intl. Dom. Intl. Dom. Intl. Interior Deep Per Service 25 15000 24000 15750 25200 16538 26460 17364 27783 18233 29172 Cleaning - WB Passenger Step Per Hour 26 1375 4000 1444 4200 1516 4410 1592 4631 1671 4862 (mobile-NB) Passenger Step Per Hour 27 2750 8000 2888 8400 3032 8820 3183 9261 3343 9724 (mobile-WB) Pushback for narrow Per Push 28 5000 10000 5250 10500 5513 11025 5788 11576 6078 12155 body aircraft Pushback for wide Per Push 29 10000 20000 10500 21000 11025 22050 11576 23153 12155 24310 body aircraft 30 Toiler truck Per Service 1375 2400 1444 2520 1516 2646 1592 2778 1671 2917 Towing of narrow Per Tow 31 5000 10000 5250 10500 5513 11025 5788 11576 6078 12155 body aircraft Towing of wide body Per Tow 32 10000 20000 10500 21000 11025 22050 11576 23153 12155 24310 aircraft Unaccompanied Per UM 33 Minor (UM) 950 1200 998 1260 1047 1323 1100 1389 1155 1459 Handling 34 Vacuum Cleaner Per Hour 3750 4000 3938 4200 4134 4410 4341 4631 4558 4862 VIP Vehicle Per Trip 35 10000 20000 10500 21000 11025 22050 11576 23153 12155 24310 (Innova range) VIP Vehicle (Luxury- Per Trip 36 Mercedes/BMW/AU 25000 40000 26250 42000 27563 44100 28941 46305 30388 48620 DI range) 37 Water truck Per Service 1375 2400 1444 2520 1516 2646 1592 2778 1671 2917 38 Wheel chair Per Service 400 2400 420 2520 441 2646 463 2778 486 2917 White Collar Staff Per Staff 39 600 1200 630 1260 662 1323 695 1389 729 1459 Per Hour * Tariff for Domestic Flights is also applicable to Domestic’ Non-Scheduled and General Aviation Flights’ Dom. = Domestic; Intl. = International Notes: • Above Tariff Rates are excluding of all applicable taxes, if any. • Tariff determined shall be the maximum Tariff to be charged No other charge is to be levied over and above the approved Tariff Rates. • For payment in foreign currency, the RBI conversion rate as on the last day of the previous month will be applicable for the first fortnight and the rate as on 15th of the month will be applicable for the second fortnight. Consultation Paper No. 24/2023-24 Page 29 of 29

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