UK Approves Plans For New Runway At Gatwick Airport [Barron's]
VINCI SA UNSP/ADR (VCISY)
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Source: Barrons
Such expansions are rare in Europe, where countries are split between efforts to reduce greenhouse gas emissions and the needs of the aviation industry, a strategic sector that has seen demand grow. Advertisement - Scroll to Continue Gatwick Airport, located south of London, is the UK's second-busiest international airport after Heathrow, and Europe's busiest single-runway air hub, with over 43 million passengers using it last year. The privately funded plan will involve the airport moving its emergency runway 12 metres (yards) north to allow it to be fully functional, according to a Department of Transport document. This will allow it to be used by around 100,000 more flights a year. Last year, the airport handled around 261,000 flights. UK media reported the department thought the plan was a "no-brainer for growth" and that capacity constraints were "holding back business, trade and tourism", citing government sources. Advertisement - Scroll to Continue Flights could
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