Originally Posted by
kanderson1965
Sucessive governments have been shown to be either toothless or spineless towards regulation so should therefore keep out of it and let the market decide or take full control and responsibility by bringing these assets back into public ownership.
Renationalisation of Heathrow is not a likely scenario any tine soon, and given the airport's market power some form of price regulation is bound to continue. The real issue is the form of regulation. The current cost-plus mentality that has been in place for 25 years has not served anyone well, as it gives the airport operator no real incentive to be more efficient, whether in the delivery of capital projects or in day-to-day operation. New thinking is required.