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Stansted Responds To CAA Market Power Assessment Consultation

28 May 2013

Stansted Airport has submitted a response to the CAA's consultation on its assessment of the airport’s market power.

As the new owner of Stansted, M.A.G believes that real competition between London's airports under separate ownership will emerge quickly and as part of a new approach, we would encourage the CAA to allow new management to compete freely for passengers and airlines.

In the 12 weeks since M.A.G completed the acquisition of Stansted, excellent progress has been made in implementing a positive and dynamic new strategy to improve customer service and deliver value to airlines, including plans for a £40 million transformation of the terminal building to dramatically improve the passenger experience.

These initiatives represent just the beginning of M.A.G's plans for Stansted. Building on Stansted's core strengths, significant opportunities exist to deliver growth and build connectivity, reduce operating costs and drive commercial revenues.

M.A.G is confident that its new approach to operating and developing Stansted will succeed in a market where airports across the UK and Europe are competing to attract new business. This competition will protect and promote the interests of consumers, and bring significant additional benefits.

Charlie Cornish, M.A.G's Chief Executive, said:

"Under M.A.G's ownership, we are already competing hard for new passengers and airlines and Stansted provides the CAA with the perfect opportunity to adopt a forward looking approach and promote competition in the interests of passengers."