Business & Investment

Investors Return to Additional Runway at Gatwick Airport

Investors will add a runway at Gatwick Airport as the expansion adds 90 flights per day

  • VINCI Airport and Infrastructure Fund GIP have pledged to fund the next phase of plans to upgrade the “standby” northern runway at Gatwick Airport.
  • It is used as a so-called “runway light” along with Gatwick’s existing runway.

Shareholders at Gatwick Airport have put a green light on the runway expansion, adding about 90 additional flights per day, Sunday’s email can reveal.

In recent weeks, airport billionaire investor France’s giant VINCI Airport and Infrastructure Fund GIP have routinely traveled to the “standby” north runway of Gatwick Airport, which is currently used as a taxiway and emergency runway. We promised to fund the next stage of the plan for use in.

Used as a so-called “runway light” alongside the existing runway at Gatwick Airport, it will take off short distances by the end of the decade.

Additional Runway: Used as a so-called “Runway Light” alongside the existing runway at Gatwick Airport.

Gatwick Airport is currently developing a project planning application that includes environmental research and hopes to begin public talks in the summer.

It is understood that if the plan is successful, its shareholders will invest hundreds of millions of pounds.

Until the pandemic, Gatwick Airport was the busiest single runway airport in the world. However, its largest airline customers, BA, easyJet, Norway and Virgin Atlantic, have suspended or reduced their flights.

Gatwick Airport expects passenger demand to recover to pre-crisis levels from 2023, with the expansion of the northern runway adding £ 2 billion to the economy and creating thousands of jobs. Stated.

The plan is also environmentally sustainable, in line with Gatwick’s commitment to reach net zero carbon emissions by 2050.

A spokeswoman said: “By advancing our plans now, we can ensure long-term prosperity and employment in the region over the next few years.”

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Investors Return to Additional Runway at Gatwick Airport

https://www.dailymail.co.uk/money/markets/article-9106915/Investors-extra-runway-Gatwick.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 Investors Return to Additional Runway at Gatwick Airport

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