ECONOMYNEXT – Sri Lankan aviation authorities have increased overflying charges for aircraft flying through the island’s airspace, the first in almost four decades, after several improvements to navigation services.
A Civil Aviation Ministry statement said the charges, which are based on aircraft size, will result in a revenue increase of 57 percent on average.
The new charges were approved by the Civil Aviation Authority, the regulator, and Airports and Aviation Services (Sr Lanka), which operates airports.
“Overflying charges are reviewed after 1981 (after 38 years),” the statement said.
“Charges are mainly for the recovery of costs for provision of Air Navigation Facility and services.”
The highest increase is for A 380 type aircraft whose fee goes up 85.6 percent to 464 US dollars. The lowest increase is for B 777 which goes up 44 percent to 360 dollars.
The overflying charge for A 320s goes up by 69 percent to 169 dollars, for B 747s by 53.6 percent to 384 dollars and for the B 763 by 76 percent to 265 dollars.
Daily revenue from the overflight fees will go up to 34,347 dollars (6.2 million rupees) from 21,800 dollars and annual revenue to 12.4 million dollars (2.2 billion rupees) from 7.8 million dollars.
(COLOMBO, 14 November 2019)