Price cap will hurt growth: Heathrow
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[LONDON] London's Heathrow warned it could struggle to grow its business after accusing the industry regulator of imposing a "draconian" cap on the prices Britain's biggest airport can charge airlines.
Britain's Civil Aviation Authority (CAA) said on Friday it would insist that Heathrow set its prices at 1.5 per cent below inflation from April 2014 after finding that the airport - Europe's busiest - had too much market power.
Heathrow said it might appeal against the cap, which was much lower than expected for the next five years, but airlines said the move did not go far enough as the hub still had some of the most expensive charges in the world.
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