"We note the CAA settlement. We recognise the cost pressures facing the entire industry today, and have agreed realistic capital spending plans with airlines over the coming five years. Looking to the long-term, the regulator should not discourage future important investment which it accepts is necessary and we are disappointed that a large element of the full cost of developing new capacity has been retrospectively disallowed."

View the CAA's press release:

Further information from:

Malcolm Robertson, BAA Airports Limited, Tel. 07788 567680
Mark Davison, Stansted Airport, Tel. 01279 680534