Heathrow Slams Price Cap Put On Airline Fees

Written By Unknown on Jumat, 10 Januari 2014 | 14.47

The operator of Heathrow airport has slammed a price cap limiting how much it can charge airlines to use the west London site.

The Civil Aviation Authority (CAA) has imposed a far greater price cap on the amount it can charge airlines than it originally proposed.

From April, prices can only rise by 1.5% below the retail prices index (RPI) measure of inflation at Britain's busiest airport.

Heathrow, whose owners include Spain's Ferrovial and the sovereign wealth funds of Qatar, China and Singapore, described the cap as draconian.

It is now reviewing a planned investment programme to see if it is still financially viable.

The CAA said the -1.5% cap would mean price would fall for passengers and service for customers would be increased.

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