Gatwick Airport announces its biggest-ever annual investment plan

Published on : Thursday, November 24, 2016

Gatwick AirportWith increasing passenger numbers up, Gatwick Airport has announced an investment of £250 million for the forthcoming financial year.

 

This investment is part of the airport’s £1.2 billion transformative capital investment plan to be spent over five years.

 

Projects include the expansion of both North and South Terminal departure lounges and shopping facilities as well as a transformed railway station, working in conjunction with Network Rail, and more on-airport parking.

 

Gatwick continues to be the world’s busiest single-runway airport, with passenger numbers up 6.3 per cent on last year. Long-haul routes grew 21 per cent, as compared to the same six months last year, with North Atlantic routes up 40 per cent on the previous year.

 

Revenue at Gatwick for the six months to September 30th was up 8.1 per cent to £445 million.

 

Stewart Wingate, chief executive, Gatwick Airport, said: “Gatwick represents the changing face of aviation – demonstrated by today’s results.

 

“We continue to grow strongly breaking records as passengers respond to the variety on offer at the airport, low-cost, charter airlines and full services airlines.”

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