Overview

This report has been presented to the Civil Aviation Authority (CAA) as a recommendation as to the maximum level of airport charges that Stansted Airport Ltd (STAL) may levy during the period of five years beginning on 1 April 2009 (the fifth five-year period of regulation of the airports referred to as the fifth quinquennium or Q5). It also considers whether STAL had at any time during the period 28 February, 2002 to this date of reference pursued a course of conduct which had operated or might be expected to operate against the public interest. The report forms part of the recommendations for the CAA's price caps to apply at Stansted in Q5 by the end of March 2009. It outlines the degree of competition existing at Stansted and the level of competition that might be expected in Q5, therefore highlighting the appropriate form of regulation at Stansted. This title outlines the terms of reference and conduct of the investigation. It investigates competition at Stansted. It explores other regulatory considerations such as inflation rates, revenue yield approach, discounts, non-passenger flights and fuel turnover levy. It forecasts Q5 traffic, capital expenditure, operating expenditure, other income and cost of capital. It makes a recommendation for the maximum level of airport charges at Stansted in Q5.

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9780117039322

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