BAA criticises CAA regulatory price controls for London airports UPDATE - Forbes.com

BAA criticises CAA regulatory price controls for London airports UPDATE - Forbes.com: "BAA criticises CAA regulatory price controls for London airports UPDATE
02.05.07, 8:43 AM ET
Popular Videos



Raking In On Rock Reunions
Your Own Private Island
Olympic Skater Sasha Cohen, Part 2
Cisco's Dealmaker
Bringing Back Vinyl

Most Popular Stories


Most Dangerous Destinations 2007
America's Best & Worst Housing Markets
The World's Most Expensive Home
Best Casino Freebies
Car Dealers' Biggest Lies



(Adds BA response)
LONDON (AFX) - UK airports group BAA, part of Grupo Ferrovial SA, has hit out at proposed price controls at Heathrow, Gatwick and Stansted airports.
BAA said the cost of capital proposed by the Civil Aviation Authority (CAA) is too low and fails to account for the risk in redeveloping parts of Heathrow.
However, British Airways PLC (nyse: BAB - news - people ) urged the CAA to ensure charges at Heathrow rise by no more than inflation between 2008 and 2013 and to introduce safeguards to allow the CAA to ringfence revenue to improve airport facilities."