Civil Aviation Authority Launches Consultation on Gatwick's Proposed Economic Regulation
22 Outubro 2020 - 6:34AM
Dow Jones News
By Anthony O. Goriainoff
The U.K.'s Civil Aviation Authority said Thursday that it is
inviting stakeholders to share their views on its proposed approach
to updating Gatwick Airport Ltd.'s economic regulation, and that
the consultation will close on Nov. 30.
The regulator said that since 2014 the economic regulation of
the airport--which is owned by Vinci's subsidiary Vinci Airports
and a consortium of investors managed by Global Infrastructure
Partners--has been based on a set of commitments given by Gatwick,
and that these expire on March 31.
The CAA said that following engagement with airlines and other
stakeholders, Gatwick Airport proposed a finalized new set of
commitments which will start from April 1. These include a price
commitment with a cap on published charges, a number of detailed
changes to service-quality targets, and a minimum annual investment
commitment of 120 million pounds ($157.8 million) on average.
The authority said it has scrutinized these proposals and
considered them in light of the coronavirus pandemic, and therefore
considers them to be broadly in the interests of consumers.
The CAA said it proposes to accept these commitments and will
encourage Gatwick and airlines to continue working together on
unresolved issues, including performance targets that can only be
set once new measurement systems have been installed.
"We are also adding two specific items to our ongoing monitoring
of GAL's performance, which relate to the availability of seating
and the average level of airline discounts, to help protect the
interests of consumers," the CAA said.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
October 22, 2020 05:19 ET (09:19 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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