Airport Economic (Amendment) Regulations, 2004

L.N. 448 of 2004

CIVIL AVIATION ACT

(CAP. 232)

Airport Economic (Amendment) Regulations, 2004

IN exercise of the powers conferred by article 3 of the Civil

Aviation Act, the Minister for Competitiveness and Communications

has made the following regulations>–

(1) The title of these regulations is the Airport Economic

(Amendment) Regulations, 2004 and they shall be read and construed

as one with the Airport Economic Regulations, 2001, hereinafter referred

to as “the principal regulations”.

(2) These regulations shall come into force on the 1st

November, 2004.

In regulation 2 of the principal regulations, for the definition

“rate of inflation” there shall be substituted the following>–

“ “rate of inflation” means the rate of inflation as determined

by the National Statistics Office and communicated in writing to

the Chairman of the Airport Charges Regulatory Board.”.

For paragraph (a) of sub-regulation (4) of regulation 3 of the

principal regulations there shall be substituted the following>–

“(a) Airport charges for the period ending on the 31st March,

2007 may be increased on the 1st April of each year by no more

than the rate of inflation in the one-year period ending on the 30th

September of the preceding year minus 0.5%, hereinafter referred

to as “the formula”. Thereafter, airport charges are to be permitted

to increase or shall be required to decrease for five-year periods

on the 1st April of every fifth year by a percentage amount equal

to the rate of inflation in the five-year period ending on the 30th

September of the preceding year as adjusted in accordance with

paragraph (b) hereof.”.

Mitbug[ fl-Istamperija tal-Gvern — Printed at the Government Printing Press