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KPMG has agreed that we may disclose the attached Report to you, on the basis set out in
this letter, to enable you to verify that a report has been commissioned by us and issued by
KPMG in connection with Heathrow’s Regulatory Framework subject to the remaining
paragraphs of this letter, to which your attention is drawn.
Last updated: 13 March 2026
1
Non-confidential
British Airways plc
Waterside
PO Box 365
Harmondsworth UB7 0GA
Rob Toal
Civil Aviation Authority
Westferry Circus
Canary Wharf
London
E14 4HD
cc: economicregulation@caa.co.uk
28 July 2026
British Airways response to CAP3279
Proposal for 2027 holding cap for Heathrow Airport Limited
Dear Rob
This document sets out British Airways’ response to the Civil Aviation Authority’s (CAA)
consultation and notice under section 22(2) of the Civil Aviation Act 2012 proposing a holding
price cap for Heathrow Airport Limited (HAL) for 2027.
Last updated: 10 September 2026
(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
Heathrow is the most expensive commercial airport in the
world and it has a unique position as the only hub airport in the UK.
Last updated: 04 November 2021
We have
an active membership comprising local community and amenity groups living under
flight paths and around the UK’s airports.
Last updated: 16 July 2026
However, we
believe that the CAA may be placing too much emphasis on just one of its secondary
duties, and in addition, that it is confusing a financeable settlement with a settlement
which is specifically financeable for Heathrow Airport Limited (HAL).
Last updated: 04 November 2021
Passenger A leaves home in
Swansea, travels to Reading, has lunch and then flies out from Heathrow Airport.
Last updated: 18 October 2021
PA Nyras (PA) was previously engaged by the London Heathrow Airports Committee (LACC) to support the airline
community during the H7 Constructive Engagement (CE) process with HAL during Q3 2020.
Last updated: 11 April 2022
PA Nyras (PA) was previously engaged by the London Heathrow Airports Committee (LACC) to support the airline
community during the H7 Constructive Engagement (CE) process with HAL during Q3 2020.
Last updated: 11 April 2022
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
