Still no clarity on Heathrow finances
Last week the CAA took the exceptional step of publicising a letter it had sent to the DfT regarding their concerns about Heathrow’s plans for financing the third runway. Essentially, the CCA is complaining that Heathrow has still not provided adequate or detailed information. As Nils Pratley highlighted in the Guardian “in most industries, a rebuke from the regulator would be met with an immediate promise to do better. Heathrow’s response, however, amounted to a shrug