20 AUGUST 2012


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Article from BTNews 20 AUGUST 2012

Luton secures future

London Luton Airport Ltd (LLAL), effectively the local Council, and London Luton Airport Operations Ltd (LLAOL), owned by Spanish conglomerate Abertis, have signed a contract which gives security to the Barcelona-based company as it develops its investment through to 2031.
Later this year LLAOL will submit a development application which will be subject to the statutory consultation process including public consultation by the Local Planning Authority.
Any increase in capacity at the airport will take place within the existing boundary and use the existing runway.
Passenger through-put generates income in the region of £10m to Luton Borough Council that is critical for maintaining services to its community and supporting its capital programme.  Current revenue provides a further £14m invested in local communities through supporting charitable organisations.  Income would increase with future passenger growth.

Luton Airport is the UK’s fifth biggest airport.  It is a headquarters for easyJet and is a major base for Wizz Air, Ryanair and Monarch.  The airport continues to be the largest employer in the Luton area. www.london-luton.co.uk

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