The Aeroports de Paris Economic Regulation Agreement: What You Need to Know

The Aeroports de Paris (ADP) is the largest airport group in France and operates three major airports in the country – Roissy-Charles de Gaulle, Orly, and Le Bourget. As a publicly traded company, ADP is regulated by the French government, which aims to ensure that the company operates efficiently while providing services at fair prices to its customers.

To achieve this goal, the French government and ADP have established an economic regulation agreement that sets out the terms and conditions under which the company can operate. The agreement is known as the Contrat de Régulation Économique (CRE) and is renewed every five years.

The latest CRE agreement was signed in 2019 and covers the period from 2020 to 2024. The agreement sets out a framework for ADP`s pricing policy, investment plans, and service quality objectives. It also includes provisions for the financial compensation of airlines in case of disruptions or delays caused by ADP.

One of the key objectives of the CRE is to incentivize ADP to improve the quality of its services while keeping prices affordable. To achieve this, the agreement includes a system of performance targets and penalties that are based on passenger satisfaction, on-time performance, and other key performance indicators.

Under the CRE, ADP is also required to submit an annual report detailing its performance against the agreed targets. This report is reviewed by the French aviation regulator, the Direction Générale de l`Aviation Civile (DGAC), which has the power to sanction ADP if it fails to meet the agreed targets.

Another important aspect of the CRE is the provision for consultation and dialogue between ADP and its airport users, including airlines, airport handlers, and passengers` associations. This consultation process aims to ensure that the interests of all stakeholders are taken into account when setting the terms and conditions of ADP`s operations.

The CRE agreement also includes provisions for the financing of ADP`s investment plans, which include the construction of new infrastructure and the renovation of existing facilities. The financing is based on a system of user charges that are paid by airlines and other airport users.

In conclusion, the Aeroports de Paris Economic Regulation Agreement is a crucial component of the French aviation sector`s regulatory framework. By setting out clear rules and objectives for the operation of ADP, the agreement aims to ensure that the company delivers high-quality services at fair prices while promoting competition and innovation in the sector. As a result, travelers can enjoy efficient, safe, and affordable air travel in France.