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Search: Posts Made By: BasilBush
Showing results 1 to 35 of 38
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Forum: Airlines, Airports & Routes
10th Aug 2015, 15:53
Replies: 530
Views: 90,271
Posted By BasilBush

Anothertyke is absolutely right. Competition...

Anothertyke is absolutely right. Competition would better be provided by expanding LHR, where the current barriers to entry result in the incumbents having market power. Expanding LGW wouldn't help...
Forum: Airlines, Airports & Routes
10th Aug 2015, 07:06
Replies: 530
Views: 90,271
Posted By BasilBush

Your final sentence is key, Trash. Yes, the CAA...

Your final sentence is key, Trash. Yes, the CAA rightly restrict HAL's charges on the grounds that HAL has substantial market power, such that normal market mechanisms can't prevent it from...
Forum: Airlines, Airports & Routes
9th Aug 2015, 16:21
Replies: 530
Views: 90,271
Posted By BasilBush

I'm not sure you're right about BA, Trash. For...

I'm not sure you're right about BA, Trash. For some time there has been a school of thought within Waterworld that the best solution for BA is for LHR capacity to be permanently constrained, leading...
Forum: Airlines, Airports & Routes
9th Aug 2015, 10:10
Replies: 530
Views: 90,271
Posted By BasilBush

BA doesn't need to have 100% of a constrained...

BA doesn't need to have 100% of a constrained Heathrow in order to have a very strong (arguably dominant) market position. 55% will do quite nicely.

BA are finally waking up to the reality of how...
Forum: Airlines, Airports & Routes
4th Aug 2015, 15:04
Replies: 530
Views: 90,271
Posted By BasilBush

And an interesting take by The Economist ...

And an interesting take by The Economist

Airport expansion in London: BA's big bluff on a third runway at Heathrow | The Economist...
Forum: Airlines, Airports & Routes
4th Aug 2015, 13:50
Replies: 530
Views: 90,271
Posted By BasilBush

Neither BA nor any other airline will have a veto...

Neither BA nor any other airline will have a veto on R3. If there is demand for additional capacity at LHR then other airlines will take up whatever slots BA don't want.

Both BA and HAL are...
Forum: Airlines, Airports & Routes
3rd Aug 2015, 07:15
Replies: 530
Views: 90,271
Posted By BasilBush

One of the interesting things about R3 (if it...

One of the interesting things about R3 (if it happens) will be the impact on air fares ex-LHR. BA are focussing solely on the higher airport charges, believing that these will result in higher air...
Forum: Airlines, Airports & Routes
2nd Aug 2015, 10:10
Replies: 530
Views: 90,271
Posted By BasilBush

I think the point that anothertyke was making is...

I think the point that anothertyke was making is that ultimately it's the consumer that pays HAL's charges, through air fares.
Forum: Airlines, Airports & Routes
2nd Aug 2015, 10:06
Replies: 530
Views: 90,271
Posted By BasilBush

The problem with the CAA's approach is that is...

The problem with the CAA's approach is that is essentially reactive, rather than proactive. By waiting until HAL has put forward its (expensive) scheme it makes it very difficult to achieve any...
Forum: Airlines, Airports & Routes
2nd Aug 2015, 08:52
Replies: 530
Views: 90,271
Posted By BasilBush

It won't be Government (ie our) money. If BA...

It won't be Government (ie our) money. If BA aren't prepared to pay then I'm sure other airlines will, given the yields available at LHR. It's all a bit of a bluff by BA, who (as has been noted) are...
Forum: Airlines, Airports & Routes
31st Jul 2015, 12:42
Replies: 530
Views: 90,271
Posted By BasilBush

(ShareCast News) - The chief executive of British...

(ShareCast News) - The chief executive of British Airways owner International Airlines Group on Friday said the group does not support the building of a new runway at London's Heathrow Airport due to...
Forum: Airlines, Airports & Routes
30th Jul 2015, 14:39
Replies: 530
Views: 90,271
Posted By BasilBush

While I share Shed's general view about the cost...

While I share Shed's general view about the cost of the LHR R3 project being excessive, let's not pretend that HAL is just building a runway.

The new runway is only 1% of the total scheme costs,...
Forum: Airlines, Airports & Routes
27th Jul 2015, 13:14
Replies: 530
Views: 90,271
Posted By BasilBush

Yes, that's right anothertyke. The regulator...

Yes, that's right anothertyke. The regulator (CAA) is currently consulting interested parties on how economic regulation might evolve to reflect the new runway capacity. For anyone interested the...
Forum: Airlines, Airports & Routes
27th Jul 2015, 07:28
Replies: 530
Views: 90,271
Posted By BasilBush

And if anyone is in any doubt as to whether the...

And if anyone is in any doubt as to whether the issue of financing R3 has been adequately addressed, see the documents at...
Forum: Airlines, Airports & Routes
26th Jul 2015, 14:31
Replies: 530
Views: 90,271
Posted By BasilBush

Bagso Actually Heathrow's EBITDA was...

Bagso

Actually Heathrow's EBITDA was £1,567,000,000. Your figure is missing three zeros. By way of comparison MAG's EBITDA was £284,000,000.

EBITDA is a measure of cash profits, before...
Forum: Airlines, Airports & Routes
25th Jul 2015, 09:43
Replies: 530
Views: 90,271
Posted By BasilBush

I don't disagree with you Bagso, that our MPs and...

I don't disagree with you Bagso, that our MPs and journalists are sadly lacking in basic numeracy!
Forum: Airlines, Airports & Routes
25th Jul 2015, 09:09
Replies: 530
Views: 90,271
Posted By BasilBush

You're absolutely right, Shed. But if you look at...

You're absolutely right, Shed. But if you look at the history of airport development over the past 40 years you can see a gradual shift between what is funded by public authorities and what is funded...
Forum: Airlines, Airports & Routes
25th Jul 2015, 08:08
Replies: 530
Views: 90,271
Posted By BasilBush

Bagso, I think you will find that this is the...

Bagso, I think you will find that this is the first salvo in a long process of negotiation. When HAL is eventually told that they will not get planning permission for R3 unless and until these works...
Forum: Airlines, Airports & Routes
9th Jun 2015, 19:35
Replies: 530
Views: 90,271
Posted By BasilBush

You're right, Itchin. If LGW got a new runway it...

You're right, Itchin. If LGW got a new runway it would just result in a large scale redistribution from Stansted. Easyjet have shown that yields at LGW are materially higher than those at STN or LTN,...
Forum: Airlines, Airports & Routes
13th May 2015, 14:29
Replies: 530
Views: 90,271
Posted By BasilBush

R3 would be a privately-funded project, with an...

R3 would be a privately-funded project, with an attractive return (both financial and economic). In contrast, HS2 requires 100% taxpayer funding, with no financial return and a marginal economic...
Forum: Airlines, Airports & Routes
13th May 2015, 12:50
Replies: 530
Views: 90,271
Posted By BasilBush

I think the FT article suggested that around a...

I think the FT article suggested that around a billion has already been spent....

And I agree that HS2 is pretty pointless unless it's part of a network of high(er) speed rail links. What's needed...
Forum: Airlines, Airports & Routes
13th May 2015, 08:07
Replies: 530
Views: 90,271
Posted By BasilBush

Bagso The politics of HS2 are beyond me, but...

Bagso

The politics of HS2 are beyond me, but there was an interesting article in the FT over the weekend (behind a paywall I'm afraid).

It contrasted the very poor benefit/cost ratio of HS2...
Forum: Airlines, Airports & Routes
12th May 2015, 19:44
Replies: 530
Views: 90,271
Posted By BasilBush

The money from HAL's proposed congestion charge...

The money from HAL's proposed congestion charge was intended to be ring fenced and used to fund improvements in public transport. It wouldn't go to shareholders.
Forum: Airlines, Airports & Routes
12th May 2015, 08:03
Replies: 530
Views: 90,271
Posted By BasilBush

WHBM is wide of the mark on the regulator's...

WHBM is wide of the mark on the regulator's approach to setting Heathrow's airport charges. The CAA is very relaxed on 'pre-funding', ie making today's users pay for tomorrow's capacity. Heathrow's...
Forum: Airlines, Airports & Routes
12th May 2015, 07:55
Replies: 530
Views: 90,271
Posted By BasilBush

BigFrank is absolutely right, in that air...

BigFrank is absolutely right, in that air pollution in the LHR area has long been seen as the most intractable barrier to the airport's expansion, even if the air pollution is much more due to non...
Forum: Airlines, Airports & Routes
6th May 2015, 07:20
Replies: 530
Views: 90,271
Posted By BasilBush

Fairdealfrank - 100% agree on your last point....

Fairdealfrank - 100% agree on your last point. LHR expansion is long overdue.

As for BA, personally I feel that in the long run R3 would be good for BA. The influx of new competition would force...
Forum: Airlines, Airports & Routes
5th May 2015, 09:42
Replies: 530
Views: 90,271
Posted By BasilBush

Typically when a market power test is undertaken...

Typically when a market power test is undertaken the competition authorities look at a range of things. These include prices in the market, the quality/level of service provided, investment in the...
Forum: Airlines, Airports & Routes
5th May 2015, 07:10
Replies: 530
Views: 90,271
Posted By BasilBush

Frank, I do understand what BA's public line is....

Frank, I do understand what BA's public line is. However, within Waterside, there is a school of thought that a no-R3 scenario might be a better result for BA, despite the clear drawbacks you refer...
Forum: Airlines, Airports & Routes
2nd May 2015, 14:50
Replies: 530
Views: 90,271
Posted By BasilBush

I haven't seen recent data but that certainly...

I haven't seen recent data but that certainly used to be the case. However, the crucial difference is that neither CDG nor (to a lesser extent) FRA have the same barriers to entry as LHR. LHR is...
Forum: Airlines, Airports & Routes
2nd May 2015, 10:15
Replies: 530
Views: 90,271
Posted By BasilBush

Hi anothertyke. I'm not a lawyer so I can't...

Hi anothertyke. I'm not a lawyer so I can't really give an authorative answer. In particular I don't know whether the competition authorities could require IAG to divest slots. In practice, however,...
Forum: Airlines, Airports & Routes
2nd May 2015, 08:09
Replies: 530
Views: 90,271
Posted By BasilBush

Bagso, the answer to your first question is Yes....

Bagso, the answer to your first question is Yes. Charges at Heathrow are already high by international standards, and would have to rise further to fund R3. But the attractions of Heathrow to...
Forum: Airlines, Airports & Routes
2nd May 2015, 06:23
Replies: 530
Views: 90,271
Posted By BasilBush

Fairdealfrank It's not a case of having it...

Fairdealfrank

It's not a case of having it both ways. It's just that if R3 doesn't go ahead BA's existing market position at LHR will become even more dominant. In such cases it can be expected...
Forum: Airlines, Airports & Routes
2nd May 2015, 06:15
Replies: 530
Views: 90,271
Posted By BasilBush

Bagso I don't see a contradiction. It's...

Bagso

I don't see a contradiction. It's entirely reasonable for BA to resist an increase in HAL's charges to fund R3. Any sensible business would do that. Remember, however, that BA strongly...
Forum: Airlines, Airports & Routes
1st May 2015, 07:52
Replies: 530
Views: 90,271
Posted By BasilBush

Anothertyke I think your Mandy Rice-Davies...

Anothertyke

I think your Mandy Rice-Davies analogy is very good! I am also inclined to be sceptical about BA's "support" for T5. Certainly the entry into LHR of easyJet would put a rocket under...
Forum: Airlines, Airports & Routes
30th Apr 2015, 19:35
Replies: 530
Views: 90,271
Posted By BasilBush

Quote from Willie Walsh today, as part of IAG's...

Quote from Willie Walsh today, as part of IAG's Q1 results:

"Walsh reiterated his stance that there was “no business case” for Gatwick expansion, but said Heathrow would also need to review its...
Showing results 1 to 35 of 38
 
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