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Airport fees ruling to be made
Bosses at the UK's two biggest airports will get a good indication today of just how much they can charge airlines over the next five years.
The Civil Aviation Authority (CAA) is announcing its final proposals on the level of fees that can be imposed on airlines at Heathrow and Gatwick airports for 2014-19.
The proposals will have an impact on air fares and are certain to be met with disapproval by management at the two airports.
In April this year, the CAA published its first set of proposals for consultation. In these the CAA said Heathrow should not be able to raise airline charges by more than RPI inflation rate minus 1.3% over the five-year period starting April 2014.
At Gatwick the price cap was proposed at a rate of RPI plus 1%.
Heathrow, Gatwick and Stansted are the only airports where charges are regulated by the CAA.
Chiefs at Gatwick have argued that the West Sussex airport should not be regulated at all, while Heathrow's bosses maintain they should be allowed to raise charges by far more than the proposed CAA formula to carry out essential investment.
Final proposals on a charging regime at Stansted in Essex are expected next week. This follows agreements made by Stansted's owners, Manchester Airports Group, with airlines Ryanair and easyJet.
The CAA's final proposals will go out for consultation, with the CAA due to make a final decision on the three airports in January.