Case Study: Analysis of the Impact on Travel Times to Heathrow and Gatwick As a Result of Crossrail
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Taking Britain Further Heathrow’S Plan for Connecting the UK to Growth
VOLUME 1 Taking Britain further Heathrow’s plan for connecting the UK to growth #BritainsHeathrow Disclaimer This document has been prepared by Heathrow Airport Limited solely in response to an invitation from the Airports Commission. It should not be used for any other purpose or in any other context and Heathrow Airport Limited accepts no responsibility for its use in that regard Contents Volume 1 - Technical submission Contents ........................................................................................................................ 3 Foreword ....................................................................................................................... 8 Executive Summary ................................................................................................... 11 Connecting for growth ................................................................................................................... 12 Listening to what our stakeholders say ........................................................................................... 18 Our vision for a world-class hub airport ........................................................................................... 20 Connecting all of the UK ................................................................................................................ 24 Building a sustainable Heathrow ..................................................................................................... 29 The deliverable solution ................................................................................................................. -
List of Representations and Evidence Received
CAP 1134 Appendix A: List of representations and evidence received APPENDIX A List of representations and evidence received Responses submitted in response to the Gatwick: Market Power Assessment, the CAA’s Initial Views – February 20121 . David Starkie, regulatory and competition economist . Gatwick Airport Limited (GAL) . Virgin Atlantic Airways (VAA) Responses submitted in response to the Consultation on Gatwick Market Power Assessment (CAP 1052)2 . British Airways (BA) . easyJet . GAL . Gatwick Airport Consultative Committee . VAA Stakeholder meetings / teleconference held3 Airlines . Aer Lingus . Air Asia X . Air Berlin . Air Malta . Aurigny 1 Non-confidential versions of these submissions are available on the CAA's website. 2 Non-confidential versions of these submissions are available on the CAA's website. 3 Included in this are airlines that met the CAA Board as part of the consultation process. 1 CAP 1134 Appendix A: List of representations and evidence received . BA . bmi regional . Cathay Pacific . Delta . easyJet . Emirates . Flybe . Jet2 . Lufthansa . Monarch . Norwegian Air Shuttle . Ryanair . Thomas Cook . TUI Travel . VAA . Wizz Air Airport operators: . Birmingham Airport Holdings Limited . East Midlands International Airport Limited . Gatwick Airport Limited . Heathrow Airport Limited . London Luton Airport Operations Limited . London Southend Airport Company Limited . Manchester Airports Group PLC . Stansted Airport Limited 2 CAP 1134 Appendix A: List of representations and evidence received Cargo carriers . British Airways World Cargo . bmi Cargo . DHL . Emirates Sky Cargo . FedEx . Royal Mail . TNT Express Services . [] Other stakeholders . Agility Logistics . Airport Coordination Limited UK . Gatwick Airport Consultative Committee . Stop Stansted Expansion Information gathered under statutory powers (section 73 Airports Act 1986 / section 50 Civil Aviation Act 2012) . -
Flying Into the Future Infrastructure for Business 2012 #4 Flying Into the Future
Infrastructure for Business Flying into the Future Infrastructure for Business 2012 #4 Flying into the Future Flying into the Future têáííÉå=Äó=`çêáå=q~óäçêI=pÉåáçê=bÅçåçãáÅ=^ÇîáëÉê=~í=íÜÉ=fça aÉÅÉãÄÉê=OMNO P Infrastructure for Business 2012 #4 Contents EXECUTIVE SUMMARY ________________________________________ 5 1. GRowInG AVIATIon SUSTAInABlY ______________________ 27 2. ThE FoUR CRUnChES ______________________________ 35 3. ThE BUSInESS VIEw oF AIRpoRT CApACITY ______________ 55 4. A lonG-TERM plAn FoR GRowTh ____________________ 69 Q Flying into the Future Executive summary l Aviation provides significant benefits to the economy, and as the high growth markets continue to power ahead, flying will become even more important. “A holistic plan is nearly two thirds of IoD members think that direct flights to the high growth countries will be important to their own business over the next decade. needed to improve l Aviation is bad for the global and local environment, but quieter and cleaner aviation in the UK. ” aircraft and improved operational and ground procedures can allow aviation to grow in a sustainable way. l The UK faces four related crunches – hub capacity now; overall capacity in the South East by 2030; excessive taxation; and an unwelcoming visa and border set-up – reducing the UK’s connectivity and making it more difficult and more expensive to get here. l This report sets out a holistic aviation plan, with 25 recommendations to address six key areas: − Making the best use of existing capacity in the short term; − Making decisions about where new runways should be built as soon as possible, so they can open in the medium term; − Ensuring good surface access and integration with the wider transport network, in particular planning rail services together with airport capacity, not separately; − Dealing with noise and other local environment impacts; − Not raising taxes any further; − Improving the visa regime and operations at the UK border. -
Heathrow Economics Study Expansion of Heathrow Airport
Heathrow Economics Study Expansion of Heathrow airport GLA September 2006 Heathrow Economics Study Expansion of Heathrow airport Heathrow Economics Study Expansion of Heathrow airport Contents Page FOREWORD I SUMMARY II Background ii Methodology ii Main Findings ii 1. INTRODUCTION 3 1.1 Background 3 1.2 Objective of the study 3 1.3 Methodology 4 1.4 Structure of report 4 2. TRANSPORT COSTS AND BENEFITS 5 2.1 Introduction 5 2.2 General Assumptions 5 2.3 Passenger Demand Forecasts 7 2.4 Capacity Constraint 8 2.5 Benefits 10 2.6 Costs 12 2.7 Government Revenue 12 2.8 Conclusions 13 3. WIDER ECONOMIC BENEFITS 14 3.1 Introduction 14 3.2 Employment and regeneration 14 3.3 Agglomeration (Productivity and Business) 15 3.4 Tourism 15 3.5 Conclusion 15 4. EFFECTS ON THE SCALE OF CAPACITY REQUIRED 17 4.1 Introduction 17 4.2 Transport appraisal 17 4.3 Making more efficient use of existing capacity 17 4.4 Conclusion 20 5. EFFECTS ON THE CHOICE OF LOCATION 21 5.1 Introduction 21 5.2 Transport benefits 21 5.3 Environmental issues 22 5.4 The need for a transport hub 22 5.5 Conclusion 23 6. IMPACT ON THE AVIATION INDUSTRY AND REGIONS 24 6.1 Introduction 24 6.2 The impact of a third runway at Heathrow compared to an additional runway elsewhere in the South East 24 6.3 The impact of providing additional capacity in the South East compared to constrained capacity 24 Heathrow Economics Study Expansion of Heathrow airport 6.4 Conclusion 25 7. -
The Future of BAA
House of Commons Transport Committee The future of BAA Fourth Report of Session 2007–08 Report, together with formal minutes, oral and written evidence Ordered by The House of Commons to be printed 5 March 2008 HC 119 Published on 14 March 2008 by authority of the House of Commons London: The Stationery Office Limited £0.00 The Transport Committee The Transport Committee is appointed by the House of Commons to examine the expenditure, administration and policy of the Department for Transport and its associated public bodies. Current membership Mrs Gwyneth Dunwoody MP (Labour, Crewe and Nantwich) (Chairman) Mr David Clelland MP (Labour, Tyne Bridge) Clive Efford MP (Labour, Eltham) Mrs Louise Ellman MP (Labour/Co-operative, Liverpool Riverside) Mr Philip Hollobone MP (Conservative, Kettering) Mr John Leech MP (Liberal Democrat, Manchester, Withington) Mr Eric Martlew MP (Labour, Carlisle) Mr Lee Scott MP (Conservative, Ilford North) David Simpson MP (Democratic Unionist, Upper Bann) Mr Graham Stringer MP (Labour, Manchester Blackley) Mr David Wilshire MP (Conservative, Spelthorne) Powers The Committee is one of the departmental select committees, the powers of which are set out in House of Commons Standing Orders, principally in SO No 152. These are available on the Internet via www.parliament.uk. Publications The Reports and evidence of the Committee are published by The Stationery Office by Order of the House. All publications of the Committee (including press notices) are on the Internet at www.parliament.uk/transcom. Committee staff The current staff of the Committee are Tom Healey (Clerk), Annette Toft (Second Clerk), Richard Ward (Assistant Clerk, Scrutiny Unit), David Davies (Committee Specialist), Tim Steer (Committee Specialist), Alison Mara (Committee Assistant), Ronnie Jefferson (Secretary), Gaby Henderson (Senior Office Clerk) and Laura Kibby (Media Officer). -
A New Airport for London and the UK Technical Note - Shortlisting the Options
A new airport for London and the UK Technical note - shortlisting the options 15 July 2013 Published by the Mayor of London in advance of his submissions to the Airports Commission on long-term proposals 0 A New Airport for London and the UK Technical note: Shortlisting the options July 2013 1. Introduction 1.1. The UK needs a new hub airport at a single site. The case for this has been presented by the Mayor in his two ‘A new airport for London’ reports1, as well as his responses to the Airports Commission Discussion Papers, all of which are available online at www.newairportforlondon.com. 1.2. This paper is the pre-cursor to the Mayor’s submission of long-term proposals to the Airports Commission. This paper sets out: why airport capacity that facilitates hub operations is essential and why dispersed expansion is not a credible substitute for a single effective hub airport, a high level assessment of a longlist of potential options for new hub airport capacity, application of different weightings to determine a shortlist of options that best meet the Mayor’s objectives for London and the UK. 1.3. The Mayor will be submitting three proposals to the Airports Commission on July 19 for the additional hub airport capacity that London and the UK need. 2. Executive Summary 2.1. A hub airport builds a critical mass of demand of ‘local’ origin/destination (O/D) and transfer traffic – supporting a wider range of routes and higher frequencies than would otherwise be possible. This enables hub capacity to offer a level of connectivity that supports future growth and prosperity for London and the UK. -
Supplementary Report: Commercial and Financial Analysis of the Iog Option Based on KPMG’S Analysis
Inner Thames Estuary Feasibility Study Response to Airports Commission Call for Evidence The Mayor of London’s Submission: Supporting technical documents 23 May 2014 Title: Supplementary Report: Commercial and Financial Analysis of the IoG option based on KPMG’s analysis Author: Ernst and Young (EY) Purpose of paper: To identify the key assumptions used in the Airports Commission’s / KPMG’s analysis of the commercial viability of an Inner Thames Estuary hub airport, and adjust this analysis in light of market practice and precedents of regulated airports and other utilities. Key message: The threefold increase in landing charges claimed by the Airports Commission is a significant overestimate, and based on flawed financial and commercial assumptions. Isle of Grain Hub Airport Supplementary Report: Commercial and Financial Analysis of the IoG option based on KPMG’s analysis 22 May 2014 Ernst & Young LLP Ernst & Young LLP Tel: + 44 207 951 2000 1 More London Place Fax: + 44 207 951 1345 London ey.com SE1 2AF Tel: 023 8038 2000 Transport for London 22 May 2014 Windsor House 42-50 Victoria Street, London SW1H 0TL Dear Sirs, A new Hub airport – the required increase in aeronautical charges In accordance with our appointment to provide services under the terms and conditions of our Framework Agreement with TfL (reference number TfL 90400), we have prepared this supporting document as per TfL’s instructions to perform a high level financial analysis to identify the key assumptions used in AC/KPMG’s analysis of the commercial viability of the IoG Hub. Then, based on market practice and precedents of regulated airports and other utilities, adjust AC/KPMG’s analysis. -
A New Airport for London
November 2011 A new airport for London Part 2 – The economic benefits of a new hub airport Greater London Authority November 2011 Published by Greater London Authority City Hall The Queen’s Walk More London London SE1 2AA www.london.gov.uk enquiries 020 7983 4100 minicom 020 7983 4458 Cover photograph © BAA Limited Contents 3 Mayor’s foreword 4 Executive summary 6 Introduction 20 1: The London economy 22 2: The benefits of aviation 26 3: The implications for airport capacity requirements 48 4: Requirements of an efficient national hub airport 64 5: The limitations of Heathrow 68 6: Future hub airport demand 78 7: Hub airport benefits 92 8: Meeting the Government’s growth agenda 98 9: Key findings 101 Appendices A: ‘Hubbing’ at Heathrow 105 B: Forecasting methodology 113 C: Other cities’ strategies 115 Footnotes and references 125 4 Mayor’s foreword Next summer, the eyes of the world will be on London as the setting for a contest on an epic scale. In many ways, London is involved in a less well known but nonetheless epic contest of its own – one for connectivity with the rest of the world. We cannot afford to lose. A host of up-and-coming competitors want to beat London at the things we have until now done best. By emulating and then leap-frogging London in terms of its aviation links, they hope to usurp us in terms of all the things aviation has enabled: a dynamic economy, a vibrant, international population and the cornucopia of cultural riches this brings with it, and much more besides. -
Watchdog Probes
ANOTHER BAD DAY FOR THE FTSE AS COVID-19 TAKES A TOLL P3 BUSINESS WITH PERSONALITY FRIDAY 28 FEBRUARY 2020 ISSUE 3,566 CITYAM.COM FREE Poor health: Watchdog GLOBAL BRITAIN: probes NMC ANNA MENIN @annafmenin NMC HEALTH had another torrid day yesterday. Trading in the FTSE 100 healthcare operator’s shares was suspended, the Financial DELAYED. Conduct Authority (FCA) HEATHROW EXPANSION HALTED AFTER COURT JUDGMENT launched an investigation into the company, and a major shareholder criticised its handling of an internal inquiry of its finances. News of the FCA probe came a day after the UAE-based hospital operator fired its boss and placed its finance chief on extended sick leave following its own probe into its finances. NMC said it would fully cooperate with the City watchdog. The FCA said earlier this month it was “making enquiries” into NMC after questions were raised over the size of major investors’ holdings in the firm. NMC shares have lost almost two-thirds of their value since December, when US shortseller Muddy Waters published a STEFAN BOSCIA Keith Lindblom found the policy Grant Shapps] has taken a review of it,” A separate legal challenge to the policy report questioning its finances @Stefan_Boscia statement written by the Department Lindblom said. statement by Heathrow Hub, authors of and governance. NMC denied for Transport (DfT) did not take account The challenge — brought forward by a rival airport extension bid, was wrongdoing. THE HIGH Court of Appeal put the skids of the UK’s Paris Climate Agreement mayor of London Sadiq Khan, similarly unsuccessful. On Wednesday, NMC fired on Heathrow airport’s third runway commitments and needed to environmental groups, several local Speaking outside the Royal Courts of chief executive Prasanth bid yesterday, ruling the plans as be re-written. -
Investor Presentation May 2019
MANCHESTER AIRPORTS GROUP INVESTOR PRESENTATION MAY 2019 magairports.com Introduction Neil Thompson – Chief Financial Officer Neil joined MAG in 2005, being Commercial Finance Director and then Corporate Finance Director, prior to taking on the role of Chief Financial Officer in March 2011. Neil previously held senior finance roles in listed international businesses, The MAN Group and ALSTOM, with responsibility across businesses in the UK, Europe, North America, Canada, India, Singapore and Australia. Prior to this, Neil spent seven years in financial practice, specialising in Corporate Finance and M&A transactions, latterly with PricewaterhouseCoopers Ken O’Toole - Chief Executive Officer at Stansted Airport Ken O'Toole joined MAG as Chief Commercial Officer in January 2012. Ken has also held the position of Chief Executive Officer at MAN. Prior to joining MAG, Ken worked for Ryanair where he was Director of New Route Development. He joined Ryanair in 2006 as Yield Manager and was responsible for the revenue management of the Ryanair route network. Iain Ashworth – Corporate Finance Director Iain is the Group’s Corporate Finance Director and Head of Investor Relations. He joined the Group in 2012 to lead the equity investment process into MAG and the subsequent acquisition of London Stansted Airport. His main focus is on the Group’s financing, as well as its organic and inorganic growth activities. Prior to MAG he was a Director in the corporate finance team at Deloitte and also spent a year with Lloyds TSB in its acquisition finance -
GATWICK AIRPORT CHIEF EXECUTIVE Report
GATCOM REPORT FROM GATWICK AIRPORT CHIEF EXECUTIVE STEWART WINGATE PERFORMANCE, ACTIVITIES AND PEOPLE 1st January – 31st March 2018 n 1 1. OVERVIEW 1.1 During the period, Gatwick achieved a 1.6% year-on-year increase in traffic, resulting in 9,301,425 passengers travelling through the airport. 1.2 Record growth has been matched with strong results in quality of service for passengers as evidenced by Gatwick passing 100% of the 8 core service standards that are based upon our Quality of Service Monitor (QSM) for the 34th consecutive month. The overall passenger satisfaction scores remained at record levels for all 3 months of this winter season. Furthermore Gatwick’s Net Promoter Score, our measure of advocacy, has also just hit the highest-ever levels for each of the winter months (Jan-Mar) finishing on 42.2 in March (significantly ahead of 37.9 last year). 1.3 In the first quarter of 2018 (Jan-Mar) our passengers’ satisfaction with the selection of the Retail outlet brands we offer them in our Departure Lounges has reached a record-ever level of 88.5% and the equivalent for Food & Beverage brands is the second-highest at 87.7%. This means almost 9 in every 10 passengers rate our selection of brands as either ‘Good’ or ‘Excellent’ – a far cry from just over 6 in 10 under BAA ownership. 1.4 Our long haul network continues to expand with the latest announcement being Qatar Airways new double daily service to Doha, Qatar which commences at the end of May 2018. Other route news includes British Airways frequency increases to a number of destinations in Spain, Portugal and the Canary Islands as a result of their purchase of the ex-Monarch Airlines slots, and easyJet will commence new twice weekly summer only services to Ancona, Italy and Volos, Greece. -
The Business of Gatwick Airport Limited
CAP 1134 Appendix C: The business of Gatwick Airport Limited APPENDIX C The business of Gatwick Airport Limited C1 This appendix provides an overview of the current ownership and history of Gatwick and the business of Gatwick Airport Limited (GAL). In particular, it examines: . Services GAL provides to different users of Gatwick. Sources of GAL’s revenue. The ownership of Gatwick C2 Gatwick is owned by GAL which is, in turn, owned by Ivy Bidco Limited (Ivy), a company formed to undertake the acquisition of GAL. Ivy is controlled by funds managed by Global Infrastructure Management, part of Global Infrastructure Partners (GIP). GIP has a 42 per cent controlling stake in GAL.1 The development of Gatwick C3 Gatwick is a single runway airport located around 40 kilometres south of central London. C4 The airport opened in 19302 but it was not until 1953, when the Government determined that Gatwick would be London's second airport, that it attracted major investment. C5 By 1956, Gatwick had been transformed into a modern facility with a 610 metres runway, a terminal incorporating a rail station and a covered pier linking terminal with aircraft.3 C6 In 1965, the British Airports Authority (later BAA), was established and assumed ownership of Heathrow, Gatwick, Stansted and Prestwick airports.4 1 GAL, Ownership, http://www.gatwickairport.com/business/about/ownership/ (accessed 1 December 2012). 2 GAL, http://www.gatwickairport.com/business/about/history/ (accessed 11 December 2012). 3 GAL, http://www.gatwick-airport-guide.co.uk/history.html (accessed 11 December 2012). 1 CAP 1134 Appendix C: The business of Gatwick Airport Limited C7 In 2006, BAA was acquired by Airport Development and Investment Limited, a consortium led by Grupo Ferrovial.5 C8 In 2008, the European Union – United States of America Open Skies Agreement came into effect, which allowed any European and US airline to fly between any point in Europe and any point in the US.