Michele specialises in regulation and competition. Much of her work has focused on issues in the transport sector, including regulatory price review processes in aviation and rail, consideration of competition issues in the aviation sector, and advice to investors as part of regulatory due diligence. In 2013–14 she completed a secondment at NATS, where she was part of the Regulation Team assisting with the consideration of the future regulation of NATS by the CAA and the European Commission.

Michele is Oxera’s representative on the ACI Europe Economics Committee.

Selected project experience

  • Analysis of the extent of competition facing Brisbane Airport as part of the Productivity Commission review of airports regulation in Australia (2018)
  • Expert adviser to the Canadian Competition Bureau in its litigation against Vancouver Airport Authority (2016–)
  • Assessment of the extent of competition between European Airports, for Airports Council International (ACI) Europe (2017–)
  • Regulatory advice to the Jamaican Civil Aviation Authority in the context of the price control reviews for Norman Manley International Airport and Sangster International Airport (2017–)
  • Significant market power assessment for a large European airport (2017)
  • Advice to Arriva Group during the CMA investigation of its acquisition of the Northern rail franchise (2016)
  • Regulatory and strategic advice to a major European airport (2016)
  • Evaluation of the Competition Commission’s BAA airports market investigation for Gatwick Airport (2016)
  • Advised ComReg in relation to eircom’s universal service obligations, including in its review of the intangible benefit enjoyed by eircom in connection with its obligation to provide a universal service (2015–)
  • Regulatory due diligence advice to an investor regarding a major European airport operator (2015)
  • Review of the Jersey regulatory and competition framework (2015)
  • Advice to a European airport in the context of a significant market power assessment (2015)
  • Economic and strategic advice to a major European airport throughout a regulatory price review process (2014–15)
  • Assessed the contribution of rail to the UK economy for the Rail Delivery Group (2014)
  • Advice to the Airports Commission on behalf of an airport group regarding the future of airport capacity in the UK (2014)
  • Assessed the economic impact of the Port of Dover on the local and wider economy (2014)
  • Assessment of an abuse of dominance claim for Arriva against Luton Airport at the High Court (2013)
  • Designed a regulatory regime for the terminal air navigation services market in the UK, on behalf of NATS (2013)
  • Assessed the business case for a contribution from Heathrow to the cost of Crossrail on behalf of the UK Department for Transport (2013)
  • Advice to the UK Transport Select Committee on the commercial viability of a new hub airport (2013)
  • Analysis of the suitability of different approaches to price cap and service quality regulation for a major international hub airport (2013)
  • Analysis for an economic impact study for Google on the impact of Geo services (digital mapping and navigation devices) (2012)
  • Assessment of a merger between Life Healthcare and JMH for the South African Competition Commission (2012)
  • Assessed a damages claim for Cardiff Bus at the Competition Appeal Tribunal, following an abuse of dominance finding (2012)
  • Advice on regulatory issues to Network Rail on the PR13 price control review (2011)
  • Review of the UK government’s High Speed Rail programme, conducted on behalf of the House of Commons Transport Select Committee (2011)
  • Provided competition advice on the travel agency joint venture between Thomas Cook Group, the Co-operative Group Limited and Midlands Co‑operative Society Limited (2011)
  • Advice on regulatory issues as part of vendor due diligence in the transport sector (2011)
  • Advice on CAPEX regulation for a major international airport in the context of a new regulatory regime (2010)
  • Analysis of the sustainability of high-speed rail (2009)

Selected publications

  • Granatstein, M., Makhkamova, L. and Niels, G. (2013), ‘Quantifying lost profits in the 2 Travel v Cardiff Bus damages action before the Competition Appeal Tribunal’, Competition Law Journal12:1, pp. 124–31.


  • MPA Public and Economic Policy, London School of Economics, UK
  • BA Economics and Business, McGill University, Canada