Airport owner and operator Macquarie Airports
(ASX:MAP) says the Danish Civil Aviation Authority has approved a long term agreement covering the future level and structure of aeronautical charges reached between Copenhagen Airports and its airline partners.
Macquarie says the agreement covers the period from October 1 2009 to March 31 2015.
The company says prices will be kept at current levels for 18 months and then increase annually based on one per cent above the yearly increase in the Danish Consumer Price Index for the next four years.
A number of structural changes have also been agreed on, including raising the portion of charges related directly to passenger numbers rather than aircraft weight.
CEO Kerrie Mather says the agreement recognises the shared interests of Copenhagen Airport and its airline partners and provides a sound basis for the promotion of passenger growth and appropriate levels of investment in facilities and quality of service.
Macquarie Airports 2008 net profit of $2 billion was its best in five years.
