New charges agreement for Copenhagen Airport

2009/6 

14.09.2009

14 September 2009

New charges agreement for Copenhagen Airport

Statens Luftfartsvæsen, the Danish Civil Aviation Administration, announced
today that it has approved the new charges regulations for Copenhagen Airport,
Kastrup following the completion of the consultation progress. The charges
regulations reflect a negotiated agreement reached between Copenhagen Airports
A/S (CPH) and the airlines [including SAS, Cimber Sterling and IATA].

It is essential to the airport, to the capital region and to Denmark in general
that Copenhagen Airport is able to maintain and expand its position as a
Scandinavian hub by remaining an attractive partner to airlines with many
transfer passengers, including SAS. The new charges agreement provides for
this.

The agreement covers the period from 1 October 2009 to 31 March 2015. Charges
will be kept at the current levels for 18 months from 1 October 2009 and will
then increase 1% faster per year than the annual increase in the Danish
Consumer Price Index (CPI) for the next four years.

As part of the agreement, the airport is committed to invest an average of at
least DKK 500 million per annum in infrastructure expansion and improvements
between 1 January 2010 and 31 March 2015, or a total of DKK 2,625 million. The
agreement also includes a provision for further investment proposed by airlines
to be remunerated through changes in charges, following discussions between the
partners.

Over the coming five years, Copenhagen Airport will invest more than DKK 2.6
billion in facilities such as baggage handling, jet bridges, gates and check-in
facilities for the benefit of both airlines and passengers. These investments
will serve to strengthen Copenhagen Airport's competitive position vis-à-vis
other northern European airports.

The agreement also sets out changes to the charges structure which:

  • improve the alignment between the success of the airport and its airline partners by increasing the proportion of charges related directly to passenger numbers rather than aircraft weight; the passenger charge will increase by 18.6%, offset by a 25% reduction in the weight-based take off charge;
  • remove anomalies in the treatment of transfer passengers by introducing lower charges for transfer security and international-domestic transfers;
  • cap the weight-based charges for aircraft of 200 tonnes;
  • intend to introduce an emissions charging scheme from April 2010 to favour the use of environmentally friendly aircraft types at Copenhagen Airport; details of this scheme have not yet been finalised;

Charges will be adjusted in the event of changes to regulatory costs (such as
those relating to security, safety and the environment) in excess of DKK 30
million per annum.

The agreement reflects the strength of the relationship between Copenhagen
Airport and the airlines, demonstrating the strong joint commercial interest in
the growth of Danish civil aviation.

At the same time, continued growth in the low cost segment will be provided for
from 2010 with the opening of CPH-Swift, the low cost pier, for which charges
will be negotiated separately.

COPENHAGEN AIRPORTS A/S

 

Attachments:

Read announcement

cph stock announcement charges_uk_final.pdf