Airport Economic (Amendment) Regulations, 2007

L.N. 194 of 2007

CIVIL AVIATION ACT

(CAP. 232)

Airport Economic (Amendment) Regulations, 2007

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–

The title of these regulations is the Airport Economic

(Amendment) Regulations, 2007 and they shall be read and construed

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

to as “the principal regulations”.

For sub-regulation (4) of regulation 3 of the principal

regulations there shall be substituted the following>–

“(4) 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 30 th

September of the preceding year minus 0.5%, hereinafter referred

to as “the formula”. On 1 st April, 2009, airport charges may increase

or shall be required to decrease by a percentage amount equal to

the rate of inflation of the previous two years less 0.5% for every

year. Thereafter, as from 1 st April 2010, airport charges may

increase or shall be required to decrease every year by a percentage

amount agreed upon by the Airport Charges Regulatory Board.”.

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

Lm0.04 (€0.09)