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Heathrow today announced that it would not appeal against new economic regulation which will see airport charges cut over the next five years.
The London hub previously described the so-called Q6 regulatory decision by the Civil Aviation Authority as the “toughest price review” it had faced.
The cut in airport charges by RPI -1.5% from 2014 will see Heathrow’s per passenger airline charges fall in real terms from £20.71 in 2013/14 to £19.10 in 2018/19, according to the airport.
The airport’s owner said today: “Heathrow has not exercised its right to appeal the CAA’s final Q6 regulatory decision.
“We understand that other parties have chosen not to appeal the CAA’s decision either.
“We are focused on delivering our business plan for the period from 2014-18 and further improving Heathrow for passengers.”
This comes despite Heathrow chief executive Colin Matthews warning in January: “We will review our investment plan to see whether it is still financeable in light of the CAA’s settlement.”