Gatwick Airport cautiously welcomed the CAA’s focus on the airport’s Commitments framework as the regulator approved prices to rise by RPI +0.5% for the next seven years.
The CAA is using the airport’s Commitments framework as part of its final economic proposals on the basis that they represent passenger interest.
Gatwick said the recognition was a step in the right direction by allowing it to compete more with Heathrow and other airports.
“The CAA’s proposal to take forward our Commitments framework would deliver an improved future outcome for passengers in terms of service quality, facilities and price,” said Gatwick’s CEO Stewart Wingate.
“We will now re-double our efforts to work with our airlines partners to make this work in the best interests of all parties, and in particular for passengers,” he added.
Dame Deidre Hutton, CAA chair said: “Gatwick has tabled a revised price offer to airlines that we consider fair, and its new commitments framework offers a chance for a more commercially driven and tailored approach. To protect the diverse interests of passengers, we propose a licence based on the commitments. We would monitor the success of such a new approach and adjust our regulation over time to ensure it remains proportionate.”