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T07 2023 (PDF)

. # Table 7.1 Group size of terminating air travellers at Birmingham Airport in 2023.

Last updated: 30 September 2024

CAA Cost Of Index Linked Debt (PDF)

Examining Heathrow Airport Limited’s (HAL) Class A IL vs nominal issuances • Looking at Heathrow’s Class A issuances since 2008 we have examined issue spread of nominal bonds in comparison to iBoxx Average A and BBB 10Y+ index vs issue premium of IL bonds in comparison to iBoxx Average A and BBB 10Y+ index • For most nominal bonds issue spread is available in Bloomberg • For IL bonds, we calculate issue spread by: o Taking the yield of the HAL IL bond as at the time of issuance (if issue yield not available we take first available trading yield) o Taking the yield of a similar tenor UK inflation linked gilt (UKTI) bond as of the date of issuance o Subtracting the yield of the UKTI bond from the yield of the HAL IL bond 2.

Last updated: 20 March 2024

CAP1221 (PDF)

We see costs falling into three categories:  Category A costs: Airports Commission-related and associated lobbying costs incurred by an airport operator or Heathrow Hub Limited (HHL).

Last updated: 02 November 2021

CAP2366J (PDF)

Evidence of the efficiency of Heathrow’s commercial revenues from Steer Davies Gleave,12 KPMG,13 and Pragma14 suggest that Heathrow’s position relative to the frontier has been stable since at least 2011

Last updated: 30 June 2022

HAL EY International Review Of Market Returns (PDF)

Setting the Cost of Equity for Capacity Expansion at Heathrow Airport: A Review of Evidence on the Total Market Return for Infrastructure in Other Countries Final Report for Heathrow Airport Limited 1 March 2018 Important Notice EY  i Important Notice This Report was prepared by Ernst & Young LLP for Heathrow Airport Limited using publically available information.

Last updated: 04 November 2021

Tfl Cap1510 (PDF)

Taxpayers ought not to be called on to support a project which, Heathrow Airport Limited has made clear to date, does not require public funding.

Last updated: 04 November 2021

Annex 1 Procedure And Chronology (PDF)

The CAA would like to thank all those who have assisted it in its assessment. 3 Annex 1 Chronology 2011 April 2011 The CAA issued guidelines2 (after consulting with stakeholders and considering their views3) on how it would assess market power in the airport sector and particularly in relation to the three currently designated airports: Heathrow, Gatwick and Stansted 16 May 2011 An initial roundtable discussion was held to start the process of stakeholder engagement 27 May 2011 The CAA issued a letter requesting evidence and expressions of interest4 from stakeholders and an attached annex5 outlining indicative areas and questions that the CAA might want to explore June 2011 The CAA published updates on its working papers on “Empirical methods for assessing geographic markets, in particular competitive constraints between neighbouring airports”6 and for assessing airport behaviour, performance and profitability7 14 June 2011 A second roundtable

Last updated: 03 November 2021

CAP217011 (PDF)

The Chair gave an update on recent meetings, including meetings with Lord Paul Deighton Chair of Heathrow Airport Holdings Ltd.

Last updated: 17 June 2021

250128 Vueling Letter On The CAA Review On TDOC (PDF)

CONFIDENTIAL Mr Mark Clifton Civil Aviation Authority Westferry Circus Canary Wharf London EH14 4HD By email: economicregulation@caa.co.uk 28 January 2025 Dear Mark, Re: Vueling’s response to the CAA review on the Terminal Drop Off Charge (TDOC) We appreciate the opportunity to respond to the CAA's review of TDOC revenue allowances for the H7 price control period by Heathrow Airport Limited (HAL).

Last updated: 25 March 2025

AOC LACC (CAP2098) (PDF)

London (Heathrow) Airline Consultative Committee Room 2044, D’Albiac House Cromer Road Heathrow Airport TW6 1SD Tel: +44 (0) 20 8757 3936 Email: lavers@iata.org Heathrow AOC Limited Room 2040-2042, D’Albiac House, Cromer Road Heathrow Airport TW6 1SD Tel: +44 (0) 20 8745 4242 Email: Gensec@aoc-lhr.co.uk Paul Smith 5th March 2021 Group Director of Consumers and Markets Civil Aviation Authority Sent by email to: paul.smith@caa.co.uk stewart.carter@caa.co.uk economicregulation@caa.co.uk Re: Response to – CAP2098: Economic regulation of Heathrow Airport Limited: response to its request for a covid-19 related RAB adjustment Thank you for the opportunity to respond to the CAA’s consultation CAP2098.