CAA Approves Price Cap Hikes At Heathrow, Stansted Airports

摘要

The U.K.'s Civil Aviation Authority (CAA) will allow price caps at London Heathrow and Stansted airports to rise by 23.5% and 21%, respectively, despite opposition from the top five airlines serving both facilities. The agency was under pressure from airports operator BAA to allow the price cap hike to fund future development. But the top five airlines serving the airports — British Airways, Virgin Atlantic, BMI, Ry-anair and EasyJet — claim that the increased prices exceed what is needed to spend to upgrade facilities.