REG - Civil Aviation Auth. - CAA confirms modifications to Gatwick licence

Vinci SAAnnouncement

06/05/2021 09:50

RNS Number : 7680X
  
Civil Aviation Authority
  
06 May 2021
  
 

6 May 2021
 
UK Civil Aviation Authority confirms modifications to the licence of Gatwick Airport Limited
 
The UK Civil Aviation Authority has today published a notice confirming modifications to the licence of Gatwick Airport Limited (GAL). The purpose of these modifications, which were set out in our February 2021 consultation, is to accept a set of commitments offered by GAL as the basis of our economic regulation for the four years from 2021/22 to 2024/25.
 
Having considered the responses to the February 2021 consultation, the Civil Aviation Authority's view remains that the new commitments form part of a package that is likely to be in the interests of consumers. They new commitments include:
·      a price commitment with a cap of Retail Prices Index (RPI) + 0% for published charges;
·      a number of detailed changes to service quality targets; and
·      a minimum investment commitment of £120 million per year on average.
 
Today's document also confirms other parts of the proposed approach set out in the October 2020 and February 2021 consultations. These are that the Civil Aviation Authority will encourage GAL and airlines to continue working together on unresolved issues (in particular, performance targets that can only be set once new measurement systems have been installed), and it will add two specific items to the ongoing monitoring of GAL's performance (these relate to the availability of seating and the average level of airline discounts) to help protect the interests of consumers. 
 
In addition, as set out in our February 2021 consultation, during the new regulatory period the Civil Aviation Authority plans to carry out focused assessments of specific issues, which it expects to include GAL's average discounts, new service quality targets and airfield investment.
 
The licence modifications will take effect on 18 June 2021.
 
More information is available on the UK Civil Aviation Authority website at:
www.caa.co.uk/CAP2144
 
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For further details contact:
Andrew McConnell, Communications Department - 0333 103 6000
Will Nathan, Communications Department - 0333 103 6000
 

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