News & insights
Date: June 2026 | Client: British Airways | Sector: Transport | Aviation | Expertise: Regulatory Finance
Cost of capital and financial framework
CEPA provided support on financial issues on behalf of the airlines on the H8 price control that applies to Heathrow Airport. The advice focused on the cost of capital and policy mechanisms, such as traffic risk sharing, designation of the single till, inflation indexation and the treatment of volume risk. CEPA's role included independent reports, engagement with the regulator, support on regulatory submissions, financial modelling and strategic advice to British Airways.
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