The UK Civil Aviation Authority (CAA) has confirmed that both passenger and cargo services will no longer remain subject to economic regulation at Stansted Airport, which will not require a license for any of its services from April.
The announcement follows the CAA's previous decision on 10 January, where it said that Stansted's passenger services did not have substantial market power.
CAA's final decision on the regulation was issued following an assessment of Stansted Airport's cargo services including consultation with key stakeholders.
The UK Civil Aviation Act 2012 states that airports with substantial market power are required to have airport licenses and are subject to economic regulation.
CAA said that there was no sufficient proof to point out that Stansted Airport has substantial market power for its cargo services.
CAA regulatory policy director Iain Osborne said: "The CAA's role in cargo is to look after the interests of the consumers who own air-freight, and they appear to have a lot of choice in the market.
"We only economically regulate airports where there is insufficient competition, and our assessment has not found evidence that this is the case regarding Stansted's cargo services."
In order to ensure that airports are operating in the interests of passengers and cargo owners, the CAA will continue to supervise the effects of competition at Stansted and other UK airports.
Image: London Stansted Airport main terminal building and the three satellite buildings in which the gates are located. Photo: courtesy of My another account (talk).