The Civil Aviation Authority’s (CAA) decision to cap the price London’s Heathrow charges airlines will stand after the airport said it will not appeal the judgement.
The CAA ruled that Heathrow must set its prices at 1.5 per cent below inflation from today after ruling that Europe’s busiest airport had too much market power.
Britain’s busiest airport said in a brief statement: "We are focussed on delivering our business plan for the period from 2014-18 and further improving Heathrow for passengers," the airport said in a brief statement.”
Heathrow’s outgoing chief executive Colin Matthews said in January that proposals to introduce the cap were ‘draconian’.
The move came as Heathrow began the search for a new chief executive after Matthews today announced he is to stand down after six years in the job.
Matthews joined in March 2008 and will stay until Terminal 2 opens in June.
