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Our scope did not
include any consultation process with Heathrow Airport Limited, existing equity
holders and lenders, credit rating agencies, airlines or any other stakeholders.
Last updated: 23 April 2019
Cost of Debt for HAL in H7
Prepared for Heathrow Airport
April 2019
© NERA Economic Consulting
CONFIDENTIALITY
Our clients’ industries are extremely competitive, and the maintenance of confidentiality with
respect to our clients’ plans and data is critical.
Last updated: 02 November 2021
Charges profile reduction based on 2023 Heathrow charge vs average of comparators, from KPMG analysis (incl.
Last updated: 13 March 2026
HAL's actions adversely affect the use of the airport, which in turn
cascades into a detrimental effect to consumers.
1.13.3 Ensure that, in calculating the overall passenger forecast for H7, it prevents HAL
from benefitting from its own self-interested actions (which are not aligned with the
3 VAA Submission - Economic regulation of Heathrow Airport Limited: H7 Initial Proposals – 2022 Charges
Consultation.
4 Oliver Gill, The Daily Telegraph, "Heathrow Chief ignored airline warnings about summer travel surge" (15
July 2022); Oliver Gill, The Daily Telegraph, "Holidaymakers face another summer of disruption,
Heathrow chief admits" (26 July 2022).
Last updated: 21 September 2022
The potential impact of Heathrow’s charges on airport competition;
2.
Last updated: 04 November 2021
As the 3rd largest
airline operating at Heathrow, American Airlines and our customers are greatly impacted by any
proposal from Heathrow Airport Limited (HAL) that makes our operations and travel more costly.
Last updated: 03 November 2021
The competing
scheme, from the existing airport company (Heathrow Airport Limited), was recently costed at more
than twice this sum by the Airports Commission, at £31bn*.
Last updated: 04 November 2021
GATWICK AIRPORT LIMITED, DESTINATIONS PLACE, GATWICK AIRPORT, WEST SUSSEX, RH6 0NP
www.gatwickairport.com Registered in England 1991018.
Last updated: 02 November 2021
Passenger numbers at Heathrow airport over 2020 were
73% lower than they were in 2019.
Last updated: 27 April 2021
First, we support the CAA’s decision to proceed on the
assumption that Heathrow will be a two-runway airport for the foreseeable future.
Last updated: 03 November 2021
