CAP1832: Economic regulation of Heathrow: working paper on financial resilience and ring fencing

Please find below details of the CAA Publication you have selected. Dependent on availability, you are able to download the file, or purchase a printed copy.


EU exit

Please note that, in the event of UK participation in EASA and mutual recognition of licences and certificates ceasing, some CAA website content and application forms may continue to carry the EASA logo or reference the EU or EASA rather than the UK CAA in the short term. These will be updated in due course following the outcome of the transition period negotiations on the long-term aviation relationship between the UK and the EU. In the meantime, the guidance provided and the application forms accessed via the CAA website portal will continue to be valid.

Title:Economic regulation of Heathrow: working paper on financial resilience and ring fencing
Description:This working paper focusses on options the CAA is considering to provide further assurance that Heathrow Airport Limited (“HAL”) operates in a financially resilient manner and that risks to consumers arising from financial distress are appropriately mitigated while not cutting across the financing arrangements HAL already has in place to support its regulated business. It considers options for possible changes to the financial resilience and ring fencing provisions in HAL’s licence that may be appropriate, in particular, given the scale and challenges of the development of new capacity at Heathrow airport. It develops further the thinking we set out in our consultations on the regulatory framework to support capacity expansion at Heathrow in June and December 2017.

The closing date for responses to this document is 11 October 2019.

Review Comment:None
Date:15 August 2019
View File:Open document in new windowDownload PDF1.2mb
Purchase Copy:Printed copy not available for purchase

Accessibility Statement