Danish English
Published: 2010-08-31 14:54:43 CEST
Københavns Lufthavne A/S
Company Announcement
CPH: Low passenger charge for CPH Swift approved
Stock Exchange Announcement number 9/2010
Copenhagen, 31 August 2010

CPH:
Low passenger charge for CPH Swift approved

The Danish Civil Aviation
Administration (CAA-DK) today approved a charges
agreement concluded by
Copenhagen Airports A/S (CPH) with a number of airlines
representing most of
the traffic at Copenhagen Airport. Under the agreement,
the passenger charge
for using Copenhagen Airport's new low-cost facility will
be approximately 35%
lower than the current passenger charge. Copenhagen
Airport will be the first
major European airport to offer differentiated
charges and CPH thereby
accommodates the interests of both network carriers and
low-cost carriers. The
new charges will mean new growth opportunities for CPH
and key airlines;
improve Denmark's international accessibility and give
passengers access to
more cheap tickets to a wider range of destinations. 

When CPH Swift,
Copenhagen Airport's new low-cost facility, opens on 31 October
this year, the
passenger charge for airlines using the facility will be lower
than the charge
currently paid by airlines using the existing terminals at
Copenhagen Airport.
The low charge has come about because a number of operating
requirements must
be met by the airlines when using CPH Swift and because of
the location and
type of construction of the new facility. 

In July, Copenhagen Airport
recorded more than 400,000 low-cost passengers in a
single month for the first
time ever, and the low-cost market share was 18.5%.
The low-cost carriers'
year-to-date market share is 17.6%, which is about 3%
higher than in 2009.


The charge for using CPH Swift has been determined based on
detailed
discussions during which the parties have sought to take into account
the many
different interests of the various users in connection with
determining the
terms and conditions for using Copenhagen Airport. The
low-cost facility is an
important part of CPH's efforts to hold its own in the
strong international
competition by being an attractive airport to all types
of airlines. 

The new long-term charges agreement recently approved by the
Danish Civil
Aviation Administration (CAA-DK) is a supplement to the existing
charges
agreement from the autumn of 2009 and will be in force until 31 March
2015. The
parties to the new agreement are CPH and SAS, Cimber Sterling,
Norwegian and
IATA, representing approximately 88% of traffic at Copenhagen
Airport. 

Under the agreement, all passenger-related charges will be changed
to better
reflect the underlying costs, and a certain part of the charges will
be
facility specific. This ensures that CPH complies with the EU directive
on
airport charges from 2009 which must be implemented into Danish law by 15
March
2011. 

The implementation of cost-related charges means that
passenger charges for
other international departures and domestic transfers
will be reduced, whereas
charges for domestic departures, international
transfer, security and handling
will be increased. 

The agreement is
balanced and will form the basis for many new routes and a
substantial
improvement of Denmark's international accessibility. The charges
structure
means that Copenhagen Airport will strengthen its position in the
intensive
competition among the major European airports. The opening of CPH
Swift and
the differentiated charges will enable Copenhagen Airport to
accommodate the
different demands that network carriers and low-cost carriers
have for airport
facilities. 
In addition to the changed passenger charges, the agreement also
includes a new
charge based on aircraft emissions of nitrogen oxides (NOx)
designed to promote
the use of more environmentally friendly aircraft. 

The
existing take-off charge has been reduced by 5%, and a NOx charge of DKK
16.50
per kilo of NOx emitted will be levied, to the effect that carriers using
the
most environmentally friendly aircraft and engines will pay a lower
take-off
charge than under the current charges agreement. Conversely, older
types of
aircraft with older engine technology will pay a higher take-off
charge than
today. 

Overall, the NOx charge is revenue neutral, and the NOx charge will
be used for
purposes such as supporting CPH's environmental initiatives at the
airport.
These may comprise improvements of both environmental and noise
conditions. 

The table below shows the charges for using Copenhagen Airport
under the new
charges agreement as from 31 October 2010: 

Type of charge   
                                New agreement  Existing
agreement 
Passenger
charge at Swift                              67.18        -
Passenger charge
for other international departures    87.18       103.75
Passenger charge for
domestic departures               39.11        28.81
Passenger charge for
international transfers           52.65        41.65
Passenger charge for
domestic transfers                23.62        23.81
Security charge          
                             38.92        32.43
Security charge for transfers 
                        25.69        21.41
Handling charge for international
departures           12.50        10.42
Handling charge for domestic
departures                 6.25         5.21

The complete charges agreement
is available at the CPH website.
 


fbm swifttakst uk.pdf