BAA charges ready for takeoff

From 1 April, BAA can hike landing charges at Heathrow by a bigger than expected 23.5% and by 21% at Gatwick. But despite two and half years of negotiation, the new charges please no-one.

A 7% rebound in Ferrovial's share price on Tuesday told the story the Spanish owner of BAA has wrung a substantially better deal from the Civil Aviation Authority, said Nils Pratley in The Guardian.

From 1 April, the airports operator can hike landing charges at Heathrow by a bigger than expected 23.5% and by 21% at Gatwick rather more than the CAA initially proposed last November. BAA will get an extra £400m from airlines over five years.

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