ECONOMIC REGULATION

See below some examples of our consultants’ experience in this area of work:


Ministy of Fomento (Spain), airport regulation

Several projects related to the economic regulation of airports in Spain:

  • Advise to the Ministry of Fomento on the 2013 tariff review of Aena Aeropuertos.
  • Support to the Ministry of Fomento in defining a new economic regulatory framework in the context of the future privatisation of Aena Aeropuertos.
  • Advise to the economic supervisor, Comité de Regulación Ferroviaria y Aeroportuaria, on the 2014 tariff review of Aena Aeropuertos. 
  • Advise to the DGAC on the implementaction of the first quinquenial tariff review (DORA 2017-2021).
  • Support to the DGAC on the oversight of the DORA 2017-2021.
  • Support to the Government of Spain in the context of several regulatory challenges brought up by the European Commission.      

Changi Airport Company

(jointly with the Boston Consulting Group)

Advice on the treatment of airport property in assessing local tax liabilities, and on how airport regulators have assessed the opex efficiency of regulated airport businesses.

Civil Aviation Authority of Singapore

(jointly with the Boston Consulting Group)

Advice to CAAS on all aspects of economic regulation of Changi Airport Corporation following its corporatisation.

UK Competition Commission

Support in carrying out price regulation reviews, involving the setting of X-factors, for the BAA south east airports and Manchester International airport.

UK Department of Transport

Development of a framework for the economic regulation of privatised British Airports Authority (BAA plc). The report focussed on the application of the RPI-X approach to airport activities in a single till framework.

EasyJet

Analysis of the effect of implementing fair and efficient charging for the use of London Luton Airport.

Aer Rianta

Assistance to the Irish airports operator in assessing the cost of capital to be applied to its airport operations in determining an airport price cap.

Commission for Aviation Regulation

Provision of expert winess testimony on behalf of CAR, in the context of a dispute on airport charges.

Government of Spain

Support on the design of the economic regulation of airport charges, in particular with regard to the future airport concessions.

Government of Catalonia

  • Analysis of the impact of an airline merger on the operation of the Barcelona airport.
  • Review of the regulation of slots and its application to the Barcelona airport.
  • Review of the regulation of ground handling services and its application to the Barcelona airport.

ANA

(jointly with Oliver Wyman)

International benchmarking of ground handling related airport charges and review of ANA’s, the Portuguese airports operator, current scheme of charges.

Indecopi

Analysis of the competitive behaviour of cargo ground handling operators at Lima airport for Indecopi, the Competition Authority of Peru.

OSITRAN

Design of the regulatory accounting methodology for concessioned airports in Perú for OSITRAN, the transport infrastructures regulator of Peru.

Government of Colombia

Recommendations for the creation or strengthening of regulatory agencies in the transport sector, including civil aviation and airports.

ACSA

Assistance to the Airports Corporation of South Africa in negotiating a RPI-X price cap. The project involved assessing the factors to be taken into consideration in setting X, focussing on the likely change in productivity and costs per unit of traffic in ACSA, as well as on the estimation of the cost of capital of the airports business.