Press Release
Gatwick welcomes DfT regulatory review
10 March 2009
Gatwick welcomes DfT regulatory review
10 March 2009
London Gatwick Airport welcomes the Government's consultation on future economic regulation of UK airports.
At this exciting time in the airport’s history the DfT review presents an important opportunity for Gatwick Airport participate in the creation of a regulatory framework that will enable us to deliver a high quality service for passengers and business partners, and continue to develop and grow the airport in a sustainable way.
We support the key policy objectives of the review, and will fully engage in the consultation process. It is important that future regulation improves customer service at every stage of the passenger journey, provides strong incentives for appropriate and timely investment in additional capacity and addresses the wider environmental impacts of aviation and airport development.
We particularly note the positive indication from the DfT that it will seek to create a transparent financial framework, which will place a duty on the regulator to ensure that airports can finance their licence activities.
Given the importance of long-term, stable investment frameworks, we are pleased that the DfT has indicated that investors are important stakeholders in the consultation and will be invited to engage in the process. We expect to set out our views in due course.
