Ryanair is planning to cut its London Stansted traffic by 9% over the coming year (from 12.5m to 11.4m) after what it describes as ‘a further unjustified increase of Stansted’s already high charges of 6% from April 2013’.
Manchester Airports Group has finalised the £1.5 billion takeover of Stansted Airport in the south-east of England from Heathrow Airport Holdings. The sees Australian investor Industry Funds Management take a 35.5 per cent stake in the enlarged group.
Heathrow Airport Holdings has agreed to sell Stansted Airport to Manchester Airports Group for £1.5 billion in cash, payable in full at closing. Heathrow Airport, which is presently the sole owner of Stansted, was forced to sell Stansted following a ruling by the UK Competition Commission.
Stansted Airport has reopened its single runway following a brief closure this morning due to snow. Luton Airport, also in the south-east of England, has also reopened its runway following a similar closure during the early hours.
London Stansted Airport has been forced to close its single runway due to heavy snow fall closed. Passengers using the Essex based airport are advised to check with airlines before departure.
Airports operator BAA has agreed to sell Stansted Airport, following a three year legal battle with the Competition Commission. The operator was ordered to sell the airport in 2009 because it had too much of a monopoly in London.
Members of the Unite trade union employed by Swissport at Stansted Airport have started the first of a series of strike actions over changes to scheduling and holiday allocation. The company’s decision to impose roster changes from four days on, two days off to five days on, two days off without agreement will see ramp staff work 14 extra days with no extra pay, argued Unite.
BAA has formally conceded defeat in its campaign for a third runway at London’s Heathrow Airport by withdrawing its planning application. The airport operator has also ditched plans for a second runway at Stansted following the election of the new government.
Premier Inn will be opening four new hotels at London’s main airports from Autumn 2011. The budget hotel chain will open two hotels at Heathrow and one at Gatwick and one at Stansted, creating a total of 1,570 new rooms. Premier Inn is spending more than £125 million on the developments.
Ryanair has announced a 40% cutback in capacity to its Stansted services this winter, with the number of operational aircraft dropping from 40 to 24. The low-cost carrier says this represents a 30% reduction in the number of weekly flights and a loss of 2.5m passengers at the Essex airport between October 2009 and March 2010.
The planning inquiry into the construction of a second runway at Stansted airport has been put on hold by MPs due to uncertainly over its future ownership.Hazel Blears, the communities and local government secretary, has bowed to growing pressure from opponents of the second runway and agreed that the planning inquiry be delayed.