Gov't to cap Budapest Airport charges
Monday, December 12, 2005, 11:08
The Hungarian government will cap the fees Budapest Airport Rt can charge airlines from next year, government spokesman András Batiz said. The government will set the charge at €12 ($14.2) a passenger and, until 2011, will not allow that to rise more than the inflation in the euro region, Batiz said. BAA Plc, which won the bidding for the airport, was aware of the plan when submitting its offer, the daily Népszabadság said.
BAA, the world's largest airport operator, became the front runner to buy the Hungarian capital's only international hub last Thursday with its offer of $2.2 billion, beating out bids from Germany's Fraport AG and Hochtief AG. Hungary expects to complete the sale by the end of the year.