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Airport News

2nd November 2016

100% receive 10%

Park First has announced that as of today, Thursday 13 October 2016, 100% of its year three and four Glasgow Airport investors are now receiving returns of 10%. This news comes a year after the announcement that the first ever group of Park First investors entered their third year in September 2015, receiving returns of 10%. Now, those investors have entered the fourth year of their investment and continue to receive returns of 10%.
28th October 2016

London Luton Airport and partners call on Government for Express Style train services

The UK’s biggest business organisations and the country’s largest airline are backing London Luton Airport’s call on government to improve rail access to Luton Airport Parkway station. The CBI, easyJet and the FSB are amongst a number of organisations to support the requirement to introduce four fast trains per hour from central London to Luton Airport Parkway (LAP) as part of the upcoming East Midlands rail refranchising process.
27th October 2016

Third runway at Heathrow cleared for takeoff by ministers

The government has approved a third runway at Heathrow to expand UK airport capacity following a cabinet committee meeting on Tuesday. Transport Secretary Chris Grayling said the “truly momentous” decision would support trade and create jobs. Gatwick airport said it was disappointed with the decision, which was “not the right answer for Britain”.
25th October 2016

Q&A: Heathrow expansion – what happens next

What are the details of the announcement on Britain’s next runway? Six years after it overturned plans to build a third runway at Heathrow, the government has announced a renewed expansion of London’s main airport. A cabinet subcommittee of ministers, excluding some notable opponents of Heathrow, met on Tuesday morning and decided to endorse the verdict of the Airports Commission by approving a third runway, rather than choose another shortlisted scheme at Gatwick. The decision will be formally announced by the transport secretary, Chris Grayling, in the House Commons.
20th October 2016

Gatwick’s record growth and booming long haul services continue to defy Airports Commission predictions

Record month at Gatwick: 42.3 million annual passengers now use the airport Long haul routes are booming with Cape Town and Moscow set to begin Growth is decades ahead of Airports Commission forecasts for Gatwick Gatwick’s record-breaking September and booming long haul services reinforce further the flawed nature of the Airports Commission’s forecasts which are now inaccurate by decades. In September, 4.3 million passengers travelled through the airport which is +6.9% on the same month in 2015. Gatwick now serves 42.3 million passengers a year – this is a milestone the Airports Commission forecast Gatwick would not reach until 2030.
18th October 2016

London Luton hits 14m record as retail is upgraded

London Luton Airport (LTN) saw a +15.6% increase in passenger growth in September to a record 1.4m pushing the rolling 12 months total passed the 14m mark for the first time and auguring well for the duty free and travel retail offer which is being upgraded. In July, anchor retail tenant Lagardère Travel Retail, officially unveiled its core category store – the largest in LTR’s global portfolio at 1,670sq m – while the airport has also been upgrading the individual stores in the rest of the departures area with the addition of a new premium/luxury zone which was missing in the offer.

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