Ryanair calls for ‘inadequate’ CAA to be replaced
02.05.08
As we had anticipated, Ryanair has renewed its call for the dismissal of the CAA’s Harry Bush, after the regulator announced proposals for increases to passenger charges at Stansted of between £4.00 and £7.00, or up to 150%. This follows a doubling of these charges just last year.
The airline said that the recent ' more than doubling of already high passenger charges demonstrates just how ineffective regulation is and Ryanair is calling for the immediate breakup of the BAA airport monopoly in order to replace this ‘inadequate’ regulation with competition.'
Ryanair pointed out that Stansted’s traffic is way ahead of their forecasts and their capital expenditure is significantly behind forecast, yet passenger charges at Stansted have risen, not fallen. It also says that, despite the regulatory cap that limits BAA’s income at 7% of capex this year, thanks to better than expected passenger numbers, and the doubling of prices last April, Stansted will recover approximately 14% of its capital.
Ryanair’s Jim Callaghan said: ‘Harry Bush has patently failed Stansted users and consumers in recent years. The BAA monopoly isn’t working, CAA regulation is ‘inadequate’ and it is time to let competition deliver better services and lower prices for British passengers and visitors.’
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