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Heathrow's CEO, Thomas Woldbye, aims for a final decision on a controversial third runway by the end of 2025, citing the need for increased capacity to support the U.K.'s economic growth. While discussions show positive momentum, the ultimate approval rests with the government amid ongoing environmental concerns and public opposition. The expansion plan includes a new runway and terminal, potentially adding 260,000 flights to the current cap of 480,000 annually.
Virgin Atlantic CEO Shai Weiss criticized the U.K. Labour government's budget as a "tax on growth," highlighting increased Air Passenger Duty (APD) rates that could hinder the aviation sector's contribution to the economy. The budget, which includes significant tax hikes aimed at businesses, has raised concerns among corporations about expansion and investment. Despite challenges, Weiss expressed optimism for Virgin Atlantic's return to profitability in 2024, despite ongoing issues with Rolls-Royce Trent 1000 engines affecting operations.
Louise Haigh
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heathrow chief pushes for third runway decision by end of 2025
09:26 26.11.2024
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15:17 25.11.2024
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