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HAL property Income Background

In December 1996, the CAA imposed conditions upon Heathrow Airport under section 73 of the Airports Act in relation to the reporting of rental income. The CAA’s subsequent direction obliges the airport to provide to the CAA and airport users the following:

  • A statement of actual income from rentals, and how this varies from the rental assumed in setting airport charges
  • A statement of how actual rentals for the ‘guide price’ properties have moved in comparison with the formula implemented by Heathrow Airport Ltd

The reports are as follows:

HAL property rents income

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