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    Home»World News»Who owns Heathrow and who is the CEO?
    World News

    Who owns Heathrow and who is the CEO?

    Team_Prime US NewsBy Team_Prime US NewsMarch 24, 2025No Comments5 Mins Read
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    The Nationwide Grid CEO has said that Heathrow had “sufficient energy” from different substations after the airport was compelled to shut resulting from a hearth on Friday.

    John Pettigrew advised the Financial Times that, though the fireplace that destroyed a substation was a “distinctive occasion”, two different substations had been nonetheless in service and will provide electrical energy to the west London airport.

    Heathrow’s CEO, who reportedly went to bed as a substitute of working by the evening of the fireplace, had beforehand said that the delay in switching from the broken substation to the opposite two was the explanation for the stoppage, not an absence of electrical energy.

    He additionally mentioned the fireplace wasn’t the airport’s fault: “We’re sincerely sorry for the inconvenience that passengers have skilled. [But] the ability substation will not be a part of Heathrow’s infrastructure. It’s a part of the electrical energy firm’s infrastructure. So we had been dealing with the results of that failure.”

    Because of the airport’s 18-hour shutdown on Friday, hundreds of flights needed to be cancelled, leaving travellers caught all around the world. The occasion additionally induced disruptions to the airport’s provide of hundreds of thousands of kilos of merchandise.

    Round midnight, the fireplace started in a transformer situated within the Hayes, north of Heathrow, electrical substation.

    The airport’s emergency backup energy provides, which run on batteries and diesel mills, solely preserve very important security options like runway lights and touchdown tools.

    However the substation and its backup had been rendered inoperable by the fireplace. Nevertheless, the emergency backup generator at Heathrow operated as deliberate.

    Below the course of the Nationwide Power System Operator (Neso), the Government has mandated a six-week probe into the fire-related closure. Heathrow can be finishing up an inner investigation.

    Who owns Heathrow Airport?

    Heathrow is owned and operated by Heathrow Airport Holdings.

    Heathrow Airport Holdings was previously a part of the FTSE 100 Index and was shaped after Margaret Thatcher privatised it and made it BAA plc.

    The Spanish firm Ferrovial, which specialises within the planning, constructing, financing, working, and sustaining of transport, city, and repair infrastructure, led a consortium that acquired BAA plc in 2006.

    BAA plc additionally owned Gatwick Airport however offered it to World Infrastructure Companions (GIP), an funding fund, for £1.51 billion in 2009. It additionally offered Stansted Airport to the Manchester Airports Group for £1.5bn in 2013, making Heathrow its solely remaining airport over time that adopted.

    To be able to higher mirror its main operation, BAA modified its identify to Heathrow Airport Holdings in 2012.

    Who’s the CEO of Heathrow?

    Heathrow Airport chief govt Thomas Woldbye issuing a press release following the disruption on the airport

    (PA Video)

    The CEO of the corporate is Thomas Woldbye, a Danish businessperson who has been on the helm of seven completely different firms.

    Based on Heathrow’s website, he took up the function as CEO of Heathrow in October 2023, after 11 years on the helm of Copenhagen airports.

    Heathrow is the UK’s busiest airport and in 2021, it served 19.4 million passengers in 2021 – that’s a median of 128,178 every single day.

    The enterprise generates income from touchdown charges, departing passenger levies, and different actions together with retail, parking, and property administration at sure airports.

    Regardless of having 90 per cent of its shares held overseas, it was reported to be one of the crucial indebted UK firms. The Civil Aviation Authority denied its October 2020 request to boost airport charges.

    A attainable new Heathrow runway

    The chancellor mentioned that the growth of Heathrow, which had been postponed for many years resulting from environmental issues, would make Britain “the best-connected place to do enterprise” in an deal with to enterprise executives in January.

    She added that Heathrow bosses has been “invited” by the Authorities to submit plans for a 3rd runway “by the summer time”.

    Nevertheless, the thought of a 3rd runway at Heathrow might be going to spark essentially the most controversy.

    The chancellor claims the runway has the “potential” to extend GDP development by 0.4 per cent by 2050, however environmental activists will in all probability put stress on her to deal with various points earlier than it may be constructed.

    She added {that a} third runway at Heathrow may very well be constructed and be in use by 2035.

    The runways at Heathrow at the moment run east-west on both aspect of the primary airport property.

    Based on the current proposals, a 3rd runway can be constructed above the prevailing north runway.

    Nevertheless, this new mission would additionally require crossing the M25, one of many busiest highways within the UK and the entryway to Larger London.

    To be able to deal with this, plans for a brand new tunnel that will allow visitors to proceed shifting beneath the runway have additionally been proposed.

    What have Heathrow bosses mentioned a couple of third runway?

    Heathrow claimed in 2018 that it might end the mission for £14 billion, however The Times reported that the airport allegedly advised airways unofficially that the present estimate was between £42 billion and £63 billion.

    When it comes to the next steps, a radical analysis of the Airports Nationwide Coverage Assertion (ANPS), which serves as the inspiration for selections concerning airport expansion within the UK, would be the first stage.

    It should bear in mind how the runway impacts British laws on environmental and local weather points along with ensuring the proposals are lawful.



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