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London City Airport targets leisure market with A320neo move | Money News

The Owner Press by The Owner Press
January 26, 2025
in Business News
Reading Time: 3 mins read
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London’s fifth-biggest airport will this week submit an utility to aviation regulators that might allow it to seize a much bigger slice of the leisure journey market.

Sky Information has learnt that London Metropolis will on Monday desk a bid to change the take-off and touchdown gradients utilized by plane flying into and out of the airport – a transfer that will accommodate the Airbus‘s A320neo jet.

The appliance will probably be made formally to the Civil Aviation Authority (CAA), business sources mentioned.

The A320neo is utilized by airways together with easyJet and WizzAir, which principally serve the leisure market reasonably than enterprise travellers.

Whitehall sources mentioned that Alison FitzGerald, London Metropolis’s chief government, had written to the chancellor, Rachel Reeves, late final week to tell her of its plans.

The airport’s transfer comes about six months after it was granted permission by the federal government to extend passenger numbers from 6.5 million yearly to 9 million, whereas being denied the chance to increase its Saturday working hours.

In her letter to the chancellor – which has been seen by Sky Information – Ms FitzGerald described its CAA utility as “a growth-enhancing initiative”.

“We will probably be in search of approval to introduce a brand new flight process (RNP AR) which might permit the Airbus A320neo to function,” she wrote.

“This is able to open up a variety of attainable new routes for passengers whereas incentivising airways to modernise their fleet from older to newer technology plane such because the Airbus A320neo, which has decrease carbon emissions and is quieter.

“The introduction of this new technology plane would additionally assist the federal government’s goals of driving financial development and supporting sustainable aviation, whereas creating extra selection of locations and decreasing the environmental impression for native residents.”

An easyJet A320neo plane. File pic: iStock
Picture:
An easyJet A320neo aircraft. File pic: iStock

She added: “An earlier improve in passenger numbers will ship financial development, promote competitors between airways and drive job creation in and across the airport with out growing flight actions or requiring any further infrastructure.

“Along with the financial and environmental advantages, introducing the A320neo will present passengers with a larger vary of locations.

“The plane can journey over 1,000km, overlaying a good portion of mainland Europe.

“The broader providing will permit passengers, together with native residents, the chance to journey for leisure or go to household and mates overseas extra conveniently.

“Had been we to achieve success in our utility, this may ship a optimistic sign to traders that Britain is open for enterprise.”

London Metropolis’s letter to Ms Reeves comes with aviation capability on the forefront of Labour’s financial agenda.

The chancellor is anticipated to substantiate assist for a 3rd runway at Heathrow in a key speech on the financial system on Wednesday, whereas reviews final week mentioned that growth at each Gatwick and Luton airports was about to be given authorities backing.

A spokesperson for easyJet mentioned it had “no plans to fly from London Metropolis Airport”.

“We stay very centered on the opening of our tenth UK base at London Southend this spring.”

The CAA utility additionally comes two months after it was reported that Ontario Lecturers Pension Plan (OTPP), one of many world’s largest pension funds, was exploring the sale of its stakes in London Metropolis and different airport belongings it part-owns within the UK and Europe.

London Metropolis Airport declined to touch upon the submission of its utility to the CAA.



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