London City Airport to put terminal expansion…

London City Airport to put terminal expansion plan on ice, due to Covid recession
2020-08-15 22:06:00
London City Airport has put its plan to quadruple the size of its terminal on ice, as the Covid pandemic has decimated demand for air travel.  City Airport is shelving £170 million of expansion work, which will mean loss of jobs. But it plans to continue with around £330 million of improvements this year, including eight new aircraft stands and a new parallel taxiway that will allow more arrivals and departures. The airport had been intending to finish the work on the terminal by 2023, and it could then cater for 6.5 million annual passengers. By contrast, in 2019 it had 5.1 million passengers. The airport said the recovery in air travel demand had been slower than expected, and its recovery (if it ever returns to 2019 levels) will take more years than thought earlier. The airport is owned by a consortium of investors including AIMCo, OMERS, Ontario Teachers’ Pension Plan and Wren House Infrastructure Management.   .Tweet   London City Airport to put major expansion plan on ice amid Covid recession By JOANNA BOURKE (Evening Standard) 13.8.2020 London City Airport has put a major plan to quadruple the size of its terminal on ice as the coronavirus crisis cripples the aviation industry. In a serious blow for Government hopes that major infrastructure projects will rally the economy, City Airport is shelving £170 million of expansion work in a move likely to take a heavy toll on jobs. The Docklands airport, popular with business flyers, called the halt just a day after official data showed the UK in the steepest recession in history. It had planned to do a significant terminal expansion that would be ready for customers by 2023 and capable of serving 6.5 million passengers a year. The airport last year served 5.1 million passengers. Foundations have already been laid for the project which would have created new shops and a departure lounge. However, airlines and airports have seen customer demand plunge due to lockdowns, travel restrictions, quarantine concerns and worries about Covid. London City Airport said: “While over the summer there has been a return to flying, the recovery of the UK aviation market has been slower than expected with demand well below normal levels, including at London City


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