Article from BTNews 26 JUNE 2017
Wizz Luton expansion
Claiming to be the largest low-cost airline in Central and Eastern Europe, Wizz Air last week opened a base at Luton Airport, its first in the UK. The airline will base one of its new Airbus A320 aircraft at the airport, increasing operations to 42 routes from Luton, including three new services to Tel Aviv (Israel), Prishtina (Kosovo) and Kutaisi (Georgia).
BTN is able to confirm that the dual carriageway under the runway, from the Holiday Inn roundabout, is now open and passengers have a choice of paying £3 for dropping off near the terminal itself, or use the free mid-term parking area with a courtesy bus ride to the terminal.
The airport is owned by London Luton Airport Ltd (LLAL), part of Luton Borough Council. The company let a concession, that runs through to 2031, to an operator whose majority shareholder is a Franco/Spanish company (LLAOL) .
The total concession fee paid by the concessionaire to LLAL in the year to 31 March 2017 is £40.8m. From this, LLAL pays a dividend to its shareholder and has a substantial development programme said to cost £110m in expanding the airport. LLAL is currently investing £420m in developing the asset.
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