Veteran dealmaker Hannam backs Heathrow Hub expansion

Michael Bow
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SEASONED city rainmaker Ian Hannam has thrown his support behind the expansion of Heathrow by buying a stake in two companies calling for a new hub at the airport.

Hannam, former chairman of global capital markets at JP Morgan and a trained engineer, has invested in Runway Innovations and Heathrow Hub, initiatives promoting a new integrated scheme at the site.

The UK Airports Commission, led by Sir Howard Davies, is currently probing the future of the UK’s airport capacity. It is due to report its recommendations to government in 2015 and the hub is one of the options on the table.

Hannam said an expansion of the airport site was the “only realistic option”.

“I am a citizen of London and I have made an essentially risk-based investment which I see as an opportunity to try and give something back to the city where I have lived, studied and worked for nearly all my life,” he added.

This is the second move by Hannam back to his engineering roots after buying a German copper manufacturer called MKM last year.