The latest agreement with the CAA was reached after HAL requested an adjustment to its Regulatory Asset Base (RAB) of £800M now, and a total of £2.6bn at the end of 2021, which would be recovered through airport charges from 2022.
The CAA declined the full request calling it “disproportionate and not in the interest of consumers” but has consented to a £300M RAB adjustment to incentivise the airport to reopen facilities for a summer recovery.
The review by the CAA also covered HAL capital expenditure which led to the confirmation of cost recovery of the expansion costs. In its statement, the CAA said: “Heathrow can start recovering these costs from the beginning of H7 [the next five year price control period starting January 2022] by adding them to its RAB, which will be subject to an efficiency review.
41 Heathrow Airport Limited strikes - Workers Revolutionary Party
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Dramatic TV images of COVID-19 vaccines being air lifted to the UK from European factories mean the airfreight sector has never felt more significant. What was once just a boring ordinary supply chain is now a matter of life or death.
It is also a matter of politics. Exiting the European Union will impose red-tape and additional checks on inbound and outbound freight. Until April, those effects are muted by opt-outs, but soon they will tell.
The combined effect of pandemic and Brexit is to mute trade volumes: compare December 2020 with December 2019 and there is a dip, but by no means a cliff edge. Total tonnage carried to UK airports fell from 202,100 tonnes to 187,600 tonnes.
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Energy engineers at British Gas continue strikes
Engineers at energy company British Gas, part of the Centrica group, are continuing their programme of strikes. British Gas supplies gas and electric energy and services equipment and has around 20,000 employees.
A four-day strike is due to begin today, with further four-day actions planned for February 19 and 26. The GMB union members are opposing “fire and rehire” plans by British Gas to undermine workers’ conditions and cut pay by 20 percent.
Around 7,500 workers are involved, including 4,000 service and repair gas engineers, 1,700 smart metering engineers, 600 central heating installers, 540 electrical engineers and 170 specialist business gas engineers. The strikes have led to a backlog of 170,000 boiler repairs and the delay of 200,000 service visits.
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The future of airport management will be based on the performance of individual stakeholders; all agents - from landside to terminal and airside - will be brought onto a single platform, which will result in real-time analysis to support decision making.
Total airport management (TAM) supports data-driven decision making, holistic KPI management, and the integration of operations by interlinking processes and systems across the airport. TAM encompasses performance-based airport operations that enable performance-based creation, agreement, and maintenance of the Airport Operational Plan (AOP), ensuring fairness and mitigation of conflicting interests between stakeholders and guaranteeing that everyone is working efficiently toward common goals.
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