Annexure II - AERA

NERA
Economic Con sulting
• Advertising;
• Retail;
• Commercial sub-concession.
All other real estate activities are excluded from the regulated till as not directly
connected to aeronautical activities.
2.3. Denmark: Copenhagen
The airport of Copenhagen is under a hybrid till regulation. 5 Aeronautical charges are
calculated on costs of aeronautical services reduced by a percentage of the difference
between revenues and costs ofall the non-aeronautical activities."
This percentage is in the range 10% -50% and is the result of a negotiation between
the airport and the airlines aimed to ensure that tariffs are in line with the average
airport charges of a benchmark of airports.
Revenues and costs related to real estate activities are partially included in the
perimeter of the regulated till as all other non aeronautical activities.
2.4. France: Paris
The Paris airports are under a single till regulation, however, not all the nonaeronautical
activities are included in the regulatory till. 7
The regulation currently in place provides a list of non-aeronautical activities which
are excluded from the regulatory till, such as commercial activities (such as those
related to shops, restaurants and bars, in-terminal hotels, car rentals, banking and
foreign exchange services and advertising), and the diversification real estate." As a
consequence, the only non aeronautical activities included in the till are car parking
and aeronautical real estate activities.
The airport follows a dual till approach in the official documentation, but on the contrary the regulation
substantiates in a hybrid till as a fraction of the margin of the commercial activities contributes to set
aeronautical charges. Source: Danish Civil Administration, Regulations on payments for use of airports
(airport charges), BL 9-15, December 2008
Article 5.4, Regulatory model for fixing airport charges under the incentive-based model in relation to
Copenhagen airports A/S
The new French Economic Regulation Agreement (ERA) signed for the period 2011-2015 modifies the
previous Economic Regulation Agreement expired in 20 IO. Source: Economic Regulation Agreement
between the State and Aeroports de Paris 20I 1-2015, ADP, 20 II
Commercial activities and diversification real estate activities were included in the regulatory till in the
previous first regulatory period.
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Annexure II-B
CP No. 9/2013-14/T-12023(14)/1/2012- Tariff- Vol - III Annexure II-B Page 43 of 51