Stansted airport to leave regulation scheme
The UK Civil Aviation Authority has published its final decisions on economic regulation at the London airports of Heathrow, Gatwick and Stansted after April 2014. The decisions were made using powers set out in the Civil Aviation Act 2012, which requires a more flexible approach so that regulation reflects the unique circumstances of individual airports.
The CAA has therefore assessed the market power of Heathrow, Gatwick and Stansted (passenger market only for Stansted, the decision on the airport's cargo market power will be published before the end of March 2014). The authority decided that passengers would not benefit from further regulation of Stansted, but that Heathrow and Gatwick will both require airport licences from April 2014 onwards.