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NATS’ shareholders are HMG (49%), Airline Group1
(42%), Heathrow Airport Holdings Ltd (4%) and the NATS Employee
Sharetrust Ltd (5%).
1.2 NERL provides en route, and some approach, air traffic services on a
monopoly basis, under an economic regulation licence issued by the
Secretary of State for Transport.
Last updated: 03 April 2017
Stewart Carter
Civil Aviation Authority
CAA House, Kingsway
London
Sent by email to: economicregulation@caa.co.uk
April 2019
Re: Working paper on the cost of capital: the implications of the RP3 draft performance plan
for Heathrow Airport Limited (HAL) CAP1762
Dear Stewart,
Virgin Atlantic Airways welcomes the further work on the cost of capital commissioned by the CAA
and produced by PwC
1
.
Last updated: 04 November 2021
Stephen Gifford
Head of Economic Regulation
Civil Aviation Authority
CAA House, 45-59 Kingsway, London
WC2B 6TE.United Kingdom
Sent by email: economicregulation@caa.co.uk
Ref: UK CAA consultation – CAP 1383
Dear Stephen,
I write to you with regards to the UK CAA consultation (CAP 1383) on “Strategic themes for the review
of Heathrow Airport Limited’s charges (“H7”) A discussion document”.
Last updated: 04 November 2021
More detail on participants’ views of each of the four London airports is provided
below.
5.3.1 Heathrow
Heathrow was regarded to be the flagship London airport in terms of the choice of
airlines and destinations it offers.
Last updated: 22 November 2016
First published 2023
Enquiries regarding the content of this publication should be addressed to: kalpesh.brahmbhatt@caa.co.uk
The latest version of this document is available in electronic format at: www.caa.co.uk
mailto:kalpesh.brahmbhatt@caa.co.uk
CAP2524F Contents
March 2023 Page 3
Contents
Contents 3
About this document 4
Introduction and background 5
Consultation 6
High level principles for the ORC protocols 7
Stakeholders’ views 7
Our response to stakeholders’ views 9
ORC Protocol Principles 10
Principles for ORC dispute mechanism process 12
Stakeholders’ views 12
Our response to stakeholders’ views 13
Next Steps 14
Consultation 14
Timeline 15
CAP2524F About this document
March 2023 Page 4
About this document
Our Final Decision for the price review (“H7”) of Heathrow Airport Limited (HAL) requires
HAL and airlines to develop a new set of protocols for Other Regulated Charges (“ORCs”)
including setting up an independent dispute
Last updated: 08 March 2023
Summary, Context and General Concerns
A.1 Summary
Heathrow is already one of the world’s most expensive airports.
Last updated: 11 April 2022
(Day-long
meeting)
5
DD
IDL strategy,
Modernising
Heathrow
and
financials
IDL Strategy Airport
Modernising Heathrow Airport
Responding to airline queries on
financials – Commercial revenue
and opex
Airport
Wash-up Co-chairs
30/09/2025
(Day-long
meeting)
6
DD
Capital
efficiency
and
deliverability
Capital Efficiency Airport
Capital Governance Framework Airport
Capital Deliverability Airport
Wash-up Co-chairs
16/10/2025
(Online,
1h)
7
MTI Working
Group
(Second
session)
Airline Community MTI Baggage
Proposal Airlines
Wash-up Co-chairs
05/11/2025
(1h30) 8
Airline
alternative
business
plan session
Airline Alternative Business Plan Airlines
Wash-up Co-chairs
12/11/2025
(Day-long
meeting)
9
DD
Horseshoes
and
governance
Horseshoes Airport
Governance Airport
Wash-up Co-chairs
Meeting chairing and attendance
2.4 All formal meetings took place in person in the immediate vicinity of Heathrow
airport.
Last updated: 24 June 2026
Es-
pecially 2022 will be a crucial year to build back customer confidence and demand,
which will certainly be supported by competitive airport charges at Heathrow Airport.
Last updated: 13 December 2021
We do not operate from Heathrow airport.
Last updated: 14 May 2026
1
Ref: response to “Notice of proposed modification to Heathrow
Airport Limited’s Economic Licence to allow for an annual recovery of
£10m of Category B costs for a new northwest runway” CAP 1470
Final – 6 Dec 16
Thank you for the opportunity to respond to the above consultation and the CAA’s
desire to modify the HAL licence.
Last updated: 03 November 2021