English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

Qatar signals Heathrow future

LONDON: In a final comment to the British government's Airports Commission on the expansion of Heathrow or Gatwick, the UK's Freight Transport Association (FTA) says a third runway at Heathrow is its preferred option due to higher costs of splitting freight operations between the two airports.

The Commission is due to present its final report and recommendations to the government after the country's general election in May this year.

BA HeathrowCiting a York Aviation study, the FTA says should the Commission opt for a second runway at Gatwick, the UK's air freight market is likely to continue supporting long-haul services out of Heathrow. In such a scenario, the association thinks this would lead to higher costs due to additional trucking and significant inefficiencies through duplication of operations, increased transit times and delays.

Chris Welsh, FTA's director of Global and European Policy explained: "Looking at the analysis from the York Aviation report, FTA estimates additional trucking costs in London to be in the region of £2 million per annum with additional increased utility costs using the Gatwick option. Our report clearly demonstrates the importance of the provision of sufficient concentrated airport hub capacity in London by 2030 and beyond to 2050. Without this capacity the air freight industry and freight customers will suffer, as, ultimately, will the end users in the UK economy."

The FTA comment follows the announcement that Qatar Airways has taken a 9.9 percent share in IAG Group - owner of British Airways and Iberia - for a reported £1.15 billion. Qatar Airways, owned by the Qatar Investment Authority, also has a 20 percent stake in Heathrow and its CEO Akbar Al Baker sits on the airport's board as a representative of the Gulf state's sovereign wealth fund.

According to the Financial Times, the Qatar Investment Authority is also the largest shareholder in Barclays Bank and UK supermarket J Sainsbury, the second-largest investor in the London Stock Exchange and has made an offer to buy London's Canary Wharf.

With Qatar Airways already a member of the oneworld alliance that includes British Airways, the dual investment in Heathrow and IAG by the Qatar Investment Authority should reassure the FTA about the provision of future UK hub airport capacity.

News

Written on 24/04/2017, 20:30
bank-deal-opens-maritime-green-doorLUXEMBOURG: April 22, 2017. The European Union's non-profit European Investment Bank (EIB) has signed a €150 million loan agreement with Dutch bank ABN...
Written on 21/04/2017, 19:44
air-cargo-volumes-rise-as-yields-remain-a-challengeGENEVA: April 20, 2017. IATA reports a slowing of air cargo volumes to a 1.3 percent rise in the three months to February 2017, compared to 2.3 percent...
Written on 21/04/2017, 18:40
u-n-cuts-cost-of-air-fleet-and-food-distribution-timesNEW YORK, NY: April 21, 2017. The United Nations is to cut its aircraft fleet and limit passenger flights to essential travel only, after revealing the...
Written on 19/04/2017, 20:20
benefits-to-outweigh-gothenburg-dredging-billGOTHENBURG, Sweden: April 18, 2017. A report by the Swedish Transport Administration (STA) says the SEK4.0 billion cost of deepening the approach to the...
Written on 18/04/2017, 19:37
siemens-to-set-up-logistics-head-office-at-expo-2020-dubaiMUNICH: April 18, 2017. Siemens is to base its logistics business for airports, cargo infrastructure and ports in Dubai and will move its headquarters to...
Written on 18/04/2017, 14:18
abu-dhabi-ports-provides-free-humanitarian-warehouseABU DHABI: April 18, 2017. Abu Dhabi Ports is providing the Emirates Red Crescent Authority (ERC) with a 550 square meter warehouse in Zayed Port as part...
Written on 13/04/2017, 19:11
emirates-sky-cargo-lifts-america-s-cup-challengerDUBAI: April 13, 2017. Bookmakers are giving America's Cup challenger Emirates Team New Zealand 3:1 odds to win the sailing competition when racing ends...
Written on 13/04/2017, 16:05
blockchain-used-in-pharma-supply-chainBEIJING: April 11, 2017. IBM and China-based supply chain manager Sichuan Hejia have launched the 'Yijian Blockchain Technology Application System', a...
Written on 12/04/2017, 18:10
k-n-and-alibaba-to-leverage-btb-ecommerceSHANGHAI: April 12, 2017. Kuehne + Nagel and Alibaba.com, the B2B business arm of the Alibaba Group, are combining their respective capabilities to offer...
Written on 12/04/2017, 16:58
dedicated-freighter-for-swiss-pharma-exportsMADRID: April 12, 2017. IAG Cargo has officially launched a weekly freighter service between Basel and Madrid to feed its Latin America network with Swiss...
Written on 11/04/2017, 20:15
miami-boosts-airfreight-traffic-eight-percent-by-valueMIAMI: April 11, 2017. The U.S. Department of Commerce says air cargo traffic through Miami International Airport (MIA) rose eight percent by value last...
Written on 07/04/2017, 22:03
u-s-roads-worse-than-namibiaWASHINGTON, DC: April 07, 2017. Testifying before the U.S. Senate Subcommittee on Surface Transportation and Merchant Marine Infrastructure, Safety and...
Written on 07/04/2017, 20:29
lng-bunkering-arrives-at-jacksonvilleJACKSONVILLE, FL: April 07, 2017. BBC Chartering has delivered two 260-ton cryogenic liquefied natural gas (LNG) storage tanks for Crowley Maritime's new...
Written on 06/04/2017, 23:00
air-cargo-upturn-will-it-lastGENEVA: April 06, 2017. IATA reports a 12 percent rise in freight tonne-kilometers in February compared to the same month last year - almost four times...
Written on 06/04/2017, 21:59
t-pod-designed-to-replace-swedish-trucksSTOCKHOLM: April 6, 2017. Swedish technology designer Einride has created an electric, self-driving “cargo with wheels” vehicle called a ‘T-pod’ that can...
Written on 04/04/2017, 22:06
mexico-president-inaugurates-new-apm-terminalLAZARO CARDENAS, Mexico: April 04, 2017. Mexico's president Enrique Peña Nieto and Denmark's prime minister Lars Lokke Rasmussen have inaugurated APM...
Written on 31/03/2017, 15:10
swiss-approve-commercial-drone-useLUGANO, Switzerland: March 31, 2017. The Swiss Federal Office for Civil Aviation (FOCA) has approved the use of drones by Swiss Post to carry laboratory...
Written on 29/03/2017, 22:13
laptop-ban-not-acceptable-says-iataMONTREAL: March 28, 2017. Less than a week after the imposition of a laptop ban on certain carriers flying to the UK and U.S. from parts of the Middle...
Written on 29/03/2017, 20:29
gcc-ecommerce-market-could-reach-us-20-billionSEATTLE/DUBAI: March 28, 2017. Amazon is to acquire eCommerce company Souq.com, the largest online marketplace in the Arab world with 45 million visits a...
Written on 28/03/2017, 21:10
qatar-backs-britain-as-may-signs-brexitLONDON/BIRMINGHAM: March 28, 2017. A day before Britain confirmed its formal departure from the European Union, the country signed an MoU with Qatar to...

- powered by Quickchilli.com -