IAG renews attack on Heathrow expansion costs
IAG has accused Heathrow Airport of "treating customers with contempt", citing a plan under which passengers will contribute GBP3.3b (US$4b) in up-front costs for a third runway at the London hub. Willie Walsh, IAG's CE, believes that the true cost of the expansion will likely be far greater than what Heathrow is currently estimating. "Advance costs are spiralling out of control," he complains. In a submission to a UK Civil Aviation Authority consultation on the airport's plans, IAG asserts that it has absolutely no confidence in Heathrow's ability to deliver cost-effective expansion. The airline group estimates that initial construction and planning costs, originally forecast at GBP915m, have more than doubled over the past 2 years. IAG expects that the original GBP14b expansion bill will balloon to GBP32b. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-08-22/oneworld/iag-renews-attack-on-heathrow-expansion-costs
https://portal.staralliance.com/cms/logo.png
IAG renews attack on Heathrow expansion costs
IAG has accused Heathrow Airport of "treating customers with contempt", citing a plan under which passengers will contribute GBP3.3b (US$4b) in up-front costs for a third runway at the London hub. Willie Walsh, IAG's CE, believes that the true cost of the expansion will likely be far greater than what Heathrow is currently estimating. "Advance costs are spiralling out of control," he complains. In a submission to a UK Civil Aviation Authority consultation on the airport's plans, IAG asserts that it has absolutely no confidence in Heathrow's ability to deliver cost-effective expansion. The airline group estimates that initial construction and planning costs, originally forecast at GBP915m, have more than doubled over the past 2 years. IAG expects that the original GBP14b expansion bill will balloon to GBP32b. <br/>
