UK gives go-ahead for Heathrow third runway plans
Transport secretary Chris Grayling has given the go-ahead for the GBP14b third runway at Heathrow, but rejected a proposal by a group of airlines led by British Airways to build it. It was reported that IATA and the Heathrow Airline Operators Committee had put forward plans for a special-purpose company — co-owned by Heathrow, the airlines and other investors — to build the project. Grayling, announcing the publication of a “national policy statement” — which gives a green light to the project — acknowledged that some stakeholders had asked the govt to consider alternative models of ownership. But he told the Commons: “My current assessment is that caution is needed at this stage . . . the management are currently the only credible promoter who could deliver this scheme in its entirety.” <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-06-06/general/uk-gives-go-ahead-for-heathrow-third-runway-plans
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UK gives go-ahead for Heathrow third runway plans
Transport secretary Chris Grayling has given the go-ahead for the GBP14b third runway at Heathrow, but rejected a proposal by a group of airlines led by British Airways to build it. It was reported that IATA and the Heathrow Airline Operators Committee had put forward plans for a special-purpose company — co-owned by Heathrow, the airlines and other investors — to build the project. Grayling, announcing the publication of a “national policy statement” — which gives a green light to the project — acknowledged that some stakeholders had asked the govt to consider alternative models of ownership. But he told the Commons: “My current assessment is that caution is needed at this stage . . . the management are currently the only credible promoter who could deliver this scheme in its entirety.” <br/>
