Copenhagen Airports A/S (CPH) said it has reached an “understanding to the key elements” of a new charges agreement with the airlines that account for the majority of the traffic. CPH said the deal provides clarity about the price the airlines will pay to use the airport until the end of 2023 and creates the foundation for continued expansion and growth at CPH.
The charges agreement, subject to the Danish Transport Authority’s approval, applies from April 1, 2019 to December 31, 2023 and determines the price for using the airport runways, terminals and services. Initially, prices will be approximately 5% lower in 2019 compared to 2018, after which they will increase marginally during the agreement period. The reduced charges are in addition to the 10% reduction which was implemented from April 1, 2018. CPH said the deal “secures Copenhagen Airports’ competitive position as being among the cheapest major airports in Europe.”
Thomas Woldbye, CEO of Copenhagen Airports A/S, commented: “Last year, the Danish government presented a new national aviation strategy. Copenhagen Airports fully supports the objectives of the strategy which focus particularly on increasing Denmark’s international and domestic accessibility. It has therefore been decisive for us to create a solid framework for our finances so that we can uphold a high investment and expansion level. The new agreement runs for almost five years and thus provides a good, stable foundation for our ambitious investment plans.”