MAp - Brussels Airport aeronautical charges
16-Dec-2010 MAp notes the attached Brussels Airport press release ‘Brussels Airport: regulator’s decision’, issued on 15 December 2010.
The current position of the Regulator is a charges formula of CPI - 0.55%, plus additional charges for Pier A West related capex. Using the forecast Pier A West capex this equals to CPI + 0.2% on average.
Brussels Airport and the airlines agreed a complete facilities, services and charges package which was proposed to the Regulator. The proposal included a charges formula of CPI + 0.9%, plus additional charges for Pier A West related capex. Using the forecast Pier A West capex this equals to CPI + 1.65% on average.
The Pier A West project is an extension of the existing Pier A. It will deliver substantially increased capacity including an additional 20 contact gates. Combined with other projects, Pier A West will create a world-class transfer product at Brussels Airport, enhancing the development of a Star Alliance hub. The forecast investment is approximately €170m.
MAp will advise the market of material future developments.