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Monday 21 May, 2012

Civil Aviation Auth.

CAA Publishes Next Phase Of Price Control Process

RNS Number : 7665D
Civil Aviation Authority
21 May 2012
 



News Release

21 May 2012


 

CAA PUBLISHES NEXT PHASE OF PRICE CONTROL PROCESS

 

The UK Civil Aviation Authority (CAA) has today published a Policy Update in the process to set the economic regulation of airports after March 2014. Economic regulation of airports is only required where competition is not sufficiently strong to further the interests of passengers.

 

Heathrow, Gatwick and Stansted airports are currently subject to CAA economic regulation.  For each airport if economic regulation is still required, then the CAA will need to set out the form of regulation that will be in place after the current price controls expire from April 2014.

 

The Government's Civil Aviation Bill, currently going through the Parliamentary process, proposes a series of reforms to the CAA's economic regulation to make it more flexible and responsive to the needs of passengers. Part of this process is to introduce a licence-based regime similar to that of other economic regulators, which the CAA expects to commence at the end of the current price control period.

 

The full document is available on the CAA website here:

www.caa.co.uk/docs/5/Q6PolicyUpdate.pdf A short summary document is available here:

www.caa.co.uk/docs/5/Q6InFocusMay12.pdf

For further media information contact the CAA Press Office on: 0207 453 6030 [email protected] .

Follow the CAA on www.twitter.com/UK_CAA

Notes to Editors

 

1.   The CAA is the UK's specialist aviation regulator. Its regulatory activities range from making sure that the aviation industry meets the highest technical and operational safety standards to preventing holidaymakers from being stranded abroad or losing money because of tour operator insolvency.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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