Mayor of London: “I’m backing Gatwick”
On 15 July, Sadiq Khan, the Mayor of London, announced that he is backing London Gatwick, the UK’s second largest airport, to construct Britain’s next runway. Khan also visited the airport to hail the decision by its shareholders to invest a further £200 million into the airport over the next five years, which will bring the total investment made into Gatwick to £1.2 billion for that time period. As part of the further investment, the following projects were announced today:
- Expansion of both the North and South Terminals’ departure lounges;
- Upgrading shopping facilities;
- Expansion of both terminals’ immigration halls;
- Additional aircraft parking stands and optimisation of taxiways.
Khan: “I’m backing Gatwick”
Speaking at the event, Khan said: “It has been three weeks since the UK decided that it is going to leave the EU. However, it is great to see that even in these times that corporations are wanting to invest in London, and this news today at Gatwick is a prime example. Quick decisions must be made in order for the future economy of London, and the UK, to be successful. With this in mind, the Government must also take the same approach in regards to the UK’s aviation strategy. Our neighbours, and more importantly our competition, have invested heavily in their aviation strategies. This now is one of the new Prime Minister’s major tests, to make a decision about a new runway. We cannot delay this decision any further. London needs two major airports, and that is why I am backing a second runway at Gatwick. It will meet the demands of the south-east, it’s cheaper, more affordable, and can be put into place quicker. I call on Theresa May to choose Gatwick over Heathrow. If we make this decision now, it shows the world that Britain is open for business.”
Gatwick’s growing faster than Heathrow in relation to traffic
For Q1 in 2016, passenger traffic at Gatwick has grown at an average monthly rate of 6.3%, while Heathrow witnessed an average of 2.6%. That means during Q1, Gatwick closed the margin Heathrow has over it by nearly 99,000 passengers, with the gap for that period being 8.4 million. With Gatwick handling around the same amount of passengers in Q1 as the margin, and with it growing at a faster rate in regards to traffic, it makes sense that it requires the runway due to its faster growth rate. However, with Heathrow being at full capacity for the past couple of years, you could say that it’s not had the chance to grow as fast.