ABSTRACT
In the 2002/3 [CRI] Regulatory Review, Ralph Turvey had the very challenging task of reviewing the final year of a long process leading up to the setting of the current price caps for both Manchester and BAA’s London airports. The process had started in July 2000, when the Civil Aviation Authority (CAA) decided to undertake a fundamental review of the regulatory approach. This was followed in early 2002 by a referral, required under the 1987 Airports Act, to the Competition Commission. The Commission then made recommendations to the CAA prior to the latter’s final proposals and subsequent decisions in February and March 2003; these took effect from April 2003.
