Exclusive: Labour approves Ardian and Saudi swoop for majority stake in Heathrow Airport November 19, 2024 The private equity group Ardian and Saudi Arabia’s £3.3bn deal for a 38 per cent stake in Heathrow Airport has cleared the final hurdle after receiving approval from the Cabinet Office, City AM understands. Whitehall sources confirmed to City AM the deal has been signed off by the government’s Investment and Security Unit (ISU), which [...]
UK airport operator bought by Canadian pension fund for £1.5bn November 13, 2024 An operator of UK airports has been bought by Canadian pension fund PSP, with the firm set to take over Glasgow, Aberdeen and Southampton airports in the £1.5bn deal. AviAlliance, a private airport operator which is wholly owned by the Public Sector Pension Investment Board (PSP Investments), announced the takeover of AGS Airports today. The [...]
Jet2 takes on Easyjet as it launches new routes from UK airport November 13, 2024 Jet2 is parking its tanks firmly on Easyjet’s lawn as it announced its expansion into London Luton Airport – where its rival is headquartered. The Leeds-headquartered carrier is to start operating flights from the transport hub from next April. London Luton Airport will become Jet2’s 13th UK base and will offer 17 destinations. Jet2 said [...]
London Heathrow Airport set for busiest year ever after record October November 11, 2024 London Heathrow airport is set to surpass its pre-pandemic passenger record after its busiest October ever saw seven million travellers use the airport. More than 7.2m passengers flew through Heathrow in October as the half term peak helped the airport to its sixth consecutive month of more than seven million passengers. “This year has been [...]
London Stansted embarks on exciting new chapter October 22, 2024 | Sponsored As an economic powerhouse, London needs to keep investment rolling in, to create jobs, to support economic growth and to maintain the capital’s place on the world stage. Last week’s International Investment Summit hosted by Prime Minister, Sir Keir Starmer, was an ideal opportunity for London Stansted to showcase its role in helping the government [...]
The government needs a flight plan September 3, 2024 Airport capacity is a vital national infrastructure issue critical to growth, but we have no idea where the government stands, says Eliot Wilson Michael O’Leary, the veteran CEO of Ryanair, is a reliable source of copy. Last week this paper reported his view that the next runway to be built to serve London would not [...]
Stranded airline passengers told to ‘come on down’ to Dover port amid IT outage July 20, 2024 Chief executive of the Port of Dover Doug Bannister has encouraged displaced airport passengers to use their ferry services.
Delays at Heathrow, Stansted and Gatwick airports as global IT outage grounds over 4,000 flights July 19, 2024 A global IT outage has wreaked havoc on air travel and caused the cancellation of over 1,000 flights worldwide on Friday - with the number expected to climb as the day progresses.
Why airport expansions fuelled by booming travel demand could be a double-edged sword July 15, 2024 In a report, the ratings agency Moody's said rising passenger numbers would drive "significant investment" in expansion projects.
Passenger numbers take off at owner of Manchester, London Stansted and East Midlands airports July 11, 2024 The group which owns Manchester, London Stansted and East Midlands airports has seen passenger surge over the last year amid booming demand for travel.