Gatwick Airport’s proposal to cap charges for airlines over the coming years has been put to the industry, the UK’s aviation regulator said on Friday.
An industry consultation covering the airport’s commitments under a new licence from next year to 2029 will run until September 20, the Civil Aviation Authority (CAA) said in a statement.
This would see airline charges capped at 1% below the consumer price index, before rising to mirror inflation for the remainder of the period.
Currently, the amount airlines are charged to use the airport is determined by the retail price index, which typically sits higher.
Gatwick has also proposed to keep investment commitments, of £120 million annually, unchanged to 2029.
Financial incentives around the likes of arrival waiting time would also be introduced by the airport under the proposals.
According to the CAA, the changes would likely be in the interest of consumers, with a final decision set to be made after consultations with airlines.
Sahres in easyJet PLC and British Airways owner International Consolidated Airlines Group SA (LSE:IAG) both rose on Friday.