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Heathrow’s ratings and rating agency
methodologies
Heathrow Airport Limited – HAL’s operating company – raises Class A and B debt through Heathrow
Funding Limited.
Last updated: 20 March 2026
Gatwick is in a very different position to Stansted; it will
offer significant commitments to airlines in the event it is not licensed, and has demonstrably
embraced the ability to compete with both Heathrow and Stansted, and other airports.
Last updated: 03 November 2021
1
Virgin Atlantic Response: Economic regulation of the new runway and
capacity expansion at Heathrow airport: consultation on CAA priorities and
timetable
Summary
Virgin Atlantic (VAA) welcomes this opportunity to respond to the CAA
consultation on the priorities and timetable for the economic regulation of the new
runway and capacity expansion at Heathrow Airport.
Last updated: 04 November 2021
Table 1
Type of passengers using the 2022 survey airports.
Last updated: 04 September 2023
Post-trial, a workshop was held with representatives from Scandinavian Airlines,
Heathrow Airport Limited (HAL) Heathrow ATC, LTC Heathrow Approach Controllers, NATS
R&D, Eurocontrol and Airbus to share any operational issues from the ATC perspective
which had not been raised during the trial or were not covered via the data captured.
99.
Last updated: 06 June 2018
Equivalent figures are provided for Heathrow airport for
comparison.
Last updated: 02 November 2021
HAL Heathrow Airport Limited, the licence holder and operator of Heathrow airport.
Last updated: 03 November 2021
1
Our ref: 0012/LPD/TT/L
5
th
June 2020
Dame Deirdre Hutton
Chair
Civil Aviation Authority
11 Westferry Circus
Canary Wharf
London, E14 4HD
Dear Deirdre,
In fulfilling its duty to consumers of airport services at Heathrow, the CAA aims for Heathrow
Airport to have rational economic incentives to make the right long-term decisions.
Last updated: 02 September 2022
The experience of consumers
using the airport will be materially affected by how well HAL spends opex to
deliver a good quality airport experience.
4.2 In this light, setting an appropriate allowance for opex furthers the interests of
consumers by ensuring that airport charges are calculated by reference to an
efficient level of these costs and so has regard to the need to:
secure that users’ reasonable demands for AOS at Heathrow are met; and
promote economy and efficiency on the part of HAL in its provision of AOS.
4.3 We aim to incentivise HAL to run the airport efficiently in H7.
Last updated: 08 March 2023
Affordability is not the same as a certain airport charge – although Heathrow agrees
that competitive airport charges are important.
Last updated: 04 November 2021
