Sri Lanka to raise overflight fees
Aug 03, 2016 10:30 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka is planning to revise overflight fees for aircraft crossing the airspace of the country, which will boost annual revenues by about 50 percent to $10 million, Civil Aviation Minister Nimal Siripala de Silva said.
At the moment, Sri Lanka charges a fee based on the weight for aircraft using its airspace, but under the revised system, both weight and distance will be used to charge fees, he said.
Director General of Civil Aviation H M C Nimalsiri said, over the last few year,s long distance flights from the Middle East to the Far East had expanded rapidly, increasing overflight over the island.
Sri Lanka, at the moment, has about 200 aircraft flying over the country without landing, Nimalsiri said.
Colombo's main airport has about 185 flight movements a day.
Last year, Sri Lanka has earned about a billion rupees, minister de Silva said. After the fee revision, annual revenues are expected to go up to Rs1.5 billion. (Colombo/Aug03/2016)