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Response to Competition Commission’s emerging thinking on BAA break up

n response to the publication of the Competition Commission’s emerging thinking on the break-up of BAA, Baroness Jo Valentine, Chief Executive of London First, said:

“The Competition Commission has today acknowledged that 80s-designed airport regulation isn’t working.  In adjudicating the relationship between airport operator and airline, regulation has left the passenger on the tarmac.  Passenger-centred regulation is the twenty-first century solution.”
Background

  • London First has commissioned new research into the economic regulation of London’s airports – Heathrow in particular. The report will be published in June and the recommendations will form a key part of London First’s campaign to create in Heathrow a world class airport, able to meet passengers’ needs and environmental responsibilities.
  • The purpose of the Competition Commission’s market inquiry is to address the currently poor passenger experience. One of the three elements of the investigation is regulation.
  • Regulation is sending the wrong price signals to airport operator and airline, by-passing the passenger. Current airport regulation is broken.  To improve the passenger experience, the focus of airport regulation needs to be re-aligned. 

London First has commissioned new research into the economic regulation of London’s airports – Heathrow in particular. The report will be published in June and the recommendations will form a key part of London First’s campaign to create in Heathrow a world class airport, able to meet passengers’ needs and environmental responsibilities.

– ENDS  –

Notes to editors:

1. London First is a business membership organisation whose mission is to make London the best city in the world in which to do business. London First undertakes this by mobilising the experience, expertise and enthusiasm of the private sector to develop practical solutions to the challenges facing London. London First also seeks to persuade central and London government to make the investments that London needs in its infrastructure.

2. London First delivers its activities with the support of 300 of the capital’s major businesses in key sectors such as finance, professional services, property, ICT, creative industries, hospitality and retail. Membership also includes all of London’s higher education institutions as well as further education colleges and NHS hospital trusts. London First members represent 26% of London’s GDP.”

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