MAG have no plans for a 2nd Stansted runway but want more airlines other than Ryanair

Date added: 22 January, 2013

The Times reports that Stansted’s new owners, Manchester Airports Group, do not have any plans to build a second runway.  MAG take up ownership at the end of February.  Industry Funds Management helped MAG buy the airport, by taking a 35.5% stake. It told the Times that it now wants to attract other airlines, as Ryanair has around  70% of flights at Stansted.  Even perhaps some full service airlines. Stansted no longer even makes full use of its one runway, with the number of passengers falling from almost 24 million in 2007 to some 17.4 million in 2012, due to easyJet taking many of its flights to  Gatwick instead, and the closure of some small low cost airlines.  IFM said the airport is only working at about 47% capacity. Charlie Cornish, MAG’s chief executive, indicated the company had little appetite for competing with Heathrow. He called Stansted “the London airport for Europe”.


 

Second runway ‘not needed’ at Stansted

Ryanair accounts for two in three flights at Stansted

by Robert Lea (Times)
22.1.2013
The Times reports that Stansted’s new owners, Manchester Airports Group, do not have any plans to build a second runway.  MAG take up ownership at the end of February.

Industry Funds Management helped MAG buy the airport, by taking a 35.5% stake. It told the Times that it now wants to attract other airlines, as Ryanair has around  70% of flights at Stansted.  Even perhaps some full service airlines. Stansted is likely to considered by the Davies Commission this year, when it looks at UK hub airport capacity, and Boris has been vocal in his support for Stansted to become a massive hub with 4 runways.

Stansted no longer even makes full use of its one runway, with the number of passengers falling from almost 24 million in 2007 to some 17.4 million in 2012, due to easyJet taking many of its flights to  Gatwick instead, and the closure of some small low cost airlines.  IFM said the airport is only working at about 47% capacity.

Recently Charlie Cornish, the CEO of Manchester Airports Group, said his company had little appetite for competing with Heathrow. He called Stansted “the London airport for Europe”.

Times article at

http://www.thetimes.co.uk/tto/business/industries/transport/article3664167.ece

 

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Posted: Tuesday, January 22nd, 2013. Filed in News about Airports, Recent News.