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The information provided by Heathrow Airport, following a data request as part of this
project, indicated that the weighted average tenor of debt issued between 2008 (when
Heathrow Airport (SP) Limited was established) to the end of 2015 is 12.1 years (source:
Heathrow Airport and CAA).19 While this fluctuates over time, this appears consistent with
our 10-15yr assumption.
Last updated: 13 June 2017
comparators 22
Executive Summary
NERA Economic Consulting i
Executive Summary
Heathrow Airport Ltd commissioned NERA Economic Consulting (NERA) to estimate the
cost of equity for Heathrow airport for the H7 price control period, which will set charge caps
at Heathrow airport for the period 1 January 2021 to 31 December 2025.
Last updated: 04 November 2021
comparators 22
Executive Summary
NERA Economic Consulting i
Executive Summary
Heathrow Airport Ltd commissioned NERA Economic Consulting (NERA) to estimate the
cost of equity for Heathrow airport for the H7 price control period, which will set charge caps
at Heathrow airport for the period 1 January 2021 to 31 December 2025.
Last updated: 04 November 2021
Heathrow is the UK's primary gateway to the world and its only hub airport.
Last updated: 25 November 2025
From: Dale Keller
To: economicregulation
Subject: Response to CAP 2098 Economic Regulation of Heathrow Airport
Date: 05 March 2021 11:45:07
Dear Paul and team,
BAR UK response to CAP 2098
On behalf of the BAR UK Heathrow operating airline members, we wish to fully
endorse and support the airline community response to CAP 2098 as
submitted by the Heathrow AOC and LACC.
Last updated: 03 November 2021
Economic review of Heathrow Airport Limited (H7)
The CAA introduced the item by providing an update on the two H7 strategic themes with the
greatest relevance to the CP’s interests: empowering consumers (including the Heathrow
Consumer Challenge Board) and outcomes-based regulation.
Last updated: 09 June 2022
CAP 1808 The Business Impact Target: non-qualifying regulatory provisions June 2018 – June 2019
June 28, 2019 Page 3 of 5
• Publication of proposed interim arrangements on regulating Heathrow airport until 2021 and
publication of Cambridge Economic Policy Association’s independent review of Heathrow’s
initial business plan submission for that period
Last updated: 03 July 2019
Context
1.6 The CAA’s April 2026 draft decision, CAP3238, considered the regulatory
treatment of early costs associated with capacity expansion at Heathrow Airport.
Last updated: 04 August 2026
Economic Regulation Group
CAA Passenger Survey Report 2008
Survey of passengers at Bristol, Cardiff, Exeter, Gatwick, Heathrow,
London City, Luton, Manchester and Stansted Airports.
Last updated: 18 October 2021
Guidance for Heathrow Airport Limited in preparing its business plans for the H7 price control
(CAP 1540)
International Airlines Group (IAG) welcomes the opportunity to respond to the CAA’s document
detailing guidance for Heathrow Airport Limited (HAL) in preparing its business plans for the H7 price
control.
Last updated: 04 November 2021
