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H7 asset beta
and inflation
Response to CAA Final Proposals
Prepared for
Heathrow Airport Limited
9 August 2022
www.oxera.com
Oxera Consulting LLP is a limited liability partnership registered in England no.
Last updated: 02 September 2022
Contents
Section 1 Applications for permission
Section 2 Decisions of the Authority
Section 3 Miscellaneous
Note: Sections are omitted if they contain no entry in this issue.
16 May 2003 Page 1 of 14
UK Civil Aviation Authority Official Record Series 6 Part 2, No 131
Section 3 Miscellaneous
The CAA imposed conditions on Heathrow Airport Limited and Gatwick Airport
Limited as to rebates to be paid to users where quality of service failed to meet
service standards in accordance with section 46(2) of the Airports Act 1986.
Last updated: 19 May 2003
Heathrow Airport Ltd (HAL) has agreed to the proposed changes.
Last updated: 21 December 2015
Progress was made with Time-Based Separations Pairwise delivered at Heathrow Airport
in December 2024.
Last updated: 15 September 2025
)
• Guard bands for GNSS (10 MHz at 1164 MHz)
• Ongoing maintenance of SMRs to be jointly managed by CAA and Ofcom
Spectrum tool example
8
Heathrow airport operates on:
• 32X (receive on 1056 MHz & transmit on 993 MHz)
• 40X (receive on 1064 MHz & transmit on 1001 MHz)
Latest developments
9
• PMSE equipment trials ongoing (operating at 2 mW and 10 mW)
• Compatibility studies to start in CEPT (requested by Germany)
• Development of online booking tool (to incorporate recommendations from the safety
case as appropriate)
• Ongoing engagement between CAA and Ofcom
Last updated: 17 November 2021
It
is based at Heathrow and its business is predominantly airport-focused.
Last updated: 04 November 2021
OFFICIAL - Public
Heathrow.
Last updated: 15 May 2025
The CAA’s assessment of OGP’s benchmarking evidence on Heathrow Airport Limited’s capital
expenditure performance gives insufficient weight to OGP’s analysis.
Last updated: 16 July 2026
Europe Economics uses Gatwick Airport’s
Q6 asset beta of 0.56 as a proxy for non-Heathrow UK airports, and estimates a proxy for HAL’s
beta of 0.54.
Last updated: 02 November 2021
