REGULATION OF AIRPORTS |
The Airports (Economic Regulation) Act 2002 establishes the framework for the economic regualtion of Jamaica's major airports. The Act gives the Civil Aviation Authority (CAA) the legal authority to regulate the scheduled airports (presently Sangster International and Norman Manley International). |
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The CAA has the authority to: Regulate airport charges |
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Deal with public interest issues including anti-competitive behaviour |
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Ensure accounting transparency. |
Airports operators must submit to the Civil Aviation Authority an application for permission to levy charges. |
The Airports (Economic Regulation) (Charges and Fees) Notice, 2003 details the requirements of the application. The application is to be submitted to the Director of Economic Regulations at the Civil Aviation Authority along with the prescribed fees. |
The Civil Aviation Authority when it grants permission to levy charges, gives effect to its decision by attaching mandatory and discretionary conditions to the Permission. |
Permission holders must provide the CAA routinely with the annual accounts, their schedule of airport charges and changes to the information in the original application. |
Once permission has been granted the holder must pay charges to meet the cost of airport regulation. These charges will be reviewed annually in consultation with Permission Holders. |
The CAA mandate is to:
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Promote the efficient, economic and profitable operation of the airports |
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Create an enabling environment for potential investors in airports |
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Encourage investment in new facilities in time to meet user demand |
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Ensure that airports are operated at standards in accordance with best industry practice and international requirements |