News to Know

Maximizing the Airport Footprint
SOURCE: IATA, 2/3

Some airports get ahead of the curve but, broadly, airport capacity is struggling to keep pace, especially at key hubs in Europe and North America. There are some positive developments. The UK Government has committed to expanding London Heathrow, even if there are concerns about what IATA Director General, Willie Walsh, describes as “gold-plated construction costs.” A new airport is being built in Warsaw, Poland and there are similar construction projects in the Middle East, Vietnam, and Sydney, Australia—to name but a few. Overall, some estimates value the airport development market at upwards of $750 billion.

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