Copenhagen Airports plans to implement new charges agreement. Credit: Johnpsolis.

Copenhagen Airports (CPH) in Denmark has reached an understanding to implement a new five-year charges agreement with the airlines that make up the majority of its traffic.

The agreement reveals details on charges for airlines to use the airport until the end of 2023. It will also lay down the foundation for continued expansion and growth at CPH.

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Charges will become effective from 1 April 2019 and continue until 31 December 2023. The agreement details the price for using the airport runways, terminals and services.

Initially, prices will be almost 5% lower next year compared to this year. They will then increase slightly during the rest of the agreement period.

“The new agreement runs for almost five years and thus provides a good, stable foundation for our ambitious investment plans.”

The charges cut will be over and above the 10% reductions already implemented, which took effect on 1 April this year.

Copenhagen Airports CEO Thomas Woldbye said: “Last year, the Danish Government presented a new national aviation strategy. Copenhagen Airports fully supports the objectives of the strategy which focus particularly on increasing Denmark’s international and domestic accessibility.

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“It has therefore been decisive for us to create a solid framework for our finances so that we can uphold a high investment and expansion level. The new agreement runs for almost five years and thus provides a good, stable foundation for our ambitious investment plans.”

CPH will present key elements of the new charges agreement to those airlines not already part of the agreement, as well the Danish Transport Authority (DAA) for approval and then become effective.

In future, CPH will construct Pier E to manage large long-haul aircraft. It will feature new aircraft stands and gates, baggage systems, as well as other facilities.