The Civil Aviation Authority (CAA) has hit out at Government plans to overhaul the regulatory framework for BAA, claiming it would expose airport users to additional risks and costs. While welcoming some aspects of the proposals put forward by the Department for Transport, the industry regulator has sided with both BAA and its debt providers in opposing a "special administration regime" for the Heathrow, Gatwick and Stansted airports owner. This would give ministers step-in rights should BAA fail, allowing them to ensure Britain's premier airports remain open. Similar rights exist at other regulated utilities, such as energy and water companies.
 
The DfT's proposals have partly been inspired by growing nervousness within Whitehall over the highly leveraged finances of BAA, which has £13.1bn debts.

Read the full article in The Telegraph.


So airport users would be exposed to additional risks and costs.

What about the residents of Sipson, and the schoolchildren living under the flightpaths? What about their risks and costs?