London City Airport confirm Southend bid
01.05.08
London City Airport has confirmed that it is working on a bid for Southend Airport, which could cost in the region of £100million. The Docklands hub is being backed by Insurance giant AIG - one of its major shareholders - to form a consortium to give it the financial muscle to buy the site and set up new road and rail links.
The London City lead consortium plans to invest in a terminal and runway facilities, as well as the long-awaited airport rail station. Its development plan also includes scheduled passenger and freight services and an expansion of corporate flights - plans similar to those currently in operation at the Docklands airport.
A spokeswoman for the airport said: ‘Our intention will be to replicate the success of the London City Airport model at Southend. The consortium will make the most of technical expertise of a range of partners. As well as AIG, these include Global Infrastructure Partners, merchant banking advisers Greenhill and developer the Colonnade Group. It also includes John Laing Projects, which deals with transport infrastructure.'
Add to: del.icio.us | Digg it | Newsvine | NowPublic | Reddit
To book london city airport hotel or london city airport car parking at the lowest price, click on these links to two great london city airport car parking and london city airport hotel price comparison pages.
