Heathrow has lost its status as a global transport hub, says Dubai Airports boss [Yahoo! Finance]
VINCI SA UNSP/ADR (VCISY)
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Source: Yahoo! Finance
Paul Griffiths, formerly managing director of Gatwick Airport before he moved to the Middle East, said Heathrow is suffering from a shortage of capacity amid an ongoing debate over a prospective third runway. He said too much weight is given to the environmental impact of travel in the West, which has allowed rival airports abroad to gain momentum. Mr Griffiths said: “The true competition between airlines and airports is in the transfer market. “And unfortunately, because of the shortage in capacity, Heathrow has lost its status as a transfer hub. “I think the problem in the West is that the development of airports is an incredibly political thing. Heathrow's third runway has been in play for 50 years and we're no further forward. “The environmental impact is a very topical subject in the developed world and I think that's an issue because I don't think there's a balanced debate.” Mr Griffiths, who sits on Dubai Airport's board alongside Sheikh Ahmed bin Saeed Al Maktoum,
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