2009/6
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