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Featured Project

Indian Airports Regulation and Business Planning

LeighFisher has served as Lead Economic Regulatory Advisor to the GMR Group since August 2009
LeighFisher has served as Lead Economic Regulatory Advisor to the GMR Group since August 2009

Locations: New Delhi and Hyderabad, India

Since 2009, LeighFisher has been retained as aviation consultants to the GMR Group providing a full suite of “economic regulatory” advisory services associated with the concession of New Delhi Indira Gandhi and Hyderabad Rajiv Gandhi international airports.

The airports are operated by the GMR Group under 30-year concessions.  New Delhi Indira Gandhi International Airport, the largest airport in South Asia, is the main international gateway to India.  Traffic has increased to approximately 35 million passengers annually over the past five years. Hyderabad Rajiv Gandhi International Airport, India’s leading greenfield airport, opened in 2008 and now caters to over 8 million passengers annually.

As part of this assignment, LeighFisher provided assistance to the airport operators on regulatory policy and approach to aeronautical charging in India under the newly constituted Airport Economic Regulatory Authority (AERA).

Key tasks included reviewing traffic forecasts, developing and analyzing the financial model, developing strategy and policy for regulatory filing, and assisting in negotiations with stakeholders, including providing detailed responses to the AERA White Paper (December 2009) and the AERA Draft Consultation Paper on Indian Airport Regulation (March 2010).

LeighFisher’s analyses provided guidance and information to the operators, and also to the AERA in its policy decisions regarding global best practices in economic regulation.  LeighFisher’s work as an aviation consultant has been recognized across India.

Key Highlights: 
  • Assisting operator GMR Group with strategy and approach to economic regulation
  • Carrying out multiple benchmarking analyses and studies on cost of equity and capital
  • Developing approaches to economic regulation in India based on global precedent
Services Include: 
Demand Forecasting
Financial Planning
Capacity Planning
Economic Analysis
Due Diligence
Privatization
Regulatory and Rate Matters
Strategic Development Planning
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