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Jim Mason Guest
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Posted: Tue Dec 05, 2006 7:06 pm Post subject: BAA response to CAA proposals |
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BAA response to CAA proposals
BAA Press Release 05/12/06
The Civil Aviation Authority (CAA) today published its initial price
control proposals for Heathrow, Gatwick and Stansted for the period 2008-
13. In response, Stephen Nelson, BAA Chief Executive Officer, said,
âTaken at face value, the incentives in this opening proposal are
unsatisfactory and give cause for significant concern. Uncertainty over
incentives, coming at time when we face a number of major investment
decisions, may directly affect the quality of the passenger experience for
years to come.
âWe have plans to invest £9.5 billion at Heathrow, Gatwick and Stansted
over the next 10 years to deliver new airport facilities that will result
in much needed improvements for passengers travelling through our
airports. We are already transforming Heathrow with our £4.2bn Terminal 5
project which will open in March 2008. But long term investment on this
scale requires a consistent and supportive regulatory framework. In our
view, the initial price control proposals contain an unprecedented and
negative shift in this framework that could be interpreted as a reversal of
the CAAâs previous policies in this area.â
Commenting on the CAAâs recommendation to de-designate Stansted, Stephen
Nelson said:
âWe are reserving our judgement on this recommendation until we have had
the chance to review it alongside the OFTâs study of the UK airport
market.â
Media Enquiries:
Lydia Pretzlik, Maitland
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