CAA extend price controls at Heathrow and Gatwick
02.04.11
The Civil Aviation Authority has extended current price controls at Heathrow and Gatwick airports by one year following consultation with stakeholders. This will provide an opportunity for the next price controls to be developed in line with the Government's proposed reforms for airport economic regulation, the CAA said in a statement.
The CAA said it welcomed ‘the constructive approach taken by airlines and the airports concerned to agree the commercial terms of the extension, within a framework set by the regulator’. The Government expects to introduce legislation to implement their reform proposals early in the second session of the current Parliament. The CAA said it could not begin to develop its price controls until it is certain of the final shape of the reforms.
CAA group director of regulatory policy Iain Osborne said: ‘By extending the current price controls we have the best chance of being able to use those tools as we devise the most appropriate price and service quality regulation for the three designated airports, taking into account their respective competitive positions.'
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