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Abandoning third runway would be bad for UK, Istanbul airport boss warns

The UK risks missing out on a “positive cycle in the economy” if it fails to approve Heathrow’s third runway, the boss of Istanbul airport has said, adding that a phased approach to development could help keep a lid on the mega-project’s eye-watering costs. Selahattin Bilgen, chief executive of Turkey’s iGA Istanbul Airport, told City [...]

Abandoning third runway would be bad for UK, Istanbul airport boss warns

The boss of Istanbul Airport, Selahattin Bilgen, has warned that abandoning the third runway for Heathrow Airport could be detrimental to the UK economy. He believes a phased approach to development could help keep costs in check and notes that Heathrow has proven to be a boon for the local economy. Bilgen lauded Heathrow as one of the best airports in the world, providing excellent connectivity for Europe, and argued that better air connectivity is beneficial not just for the UK but the entire region.

The Istanbul Airport CEO emphasized that he cannot take the position of the UK transport minister but would welcome the competition that a larger Heathrow would bring. The speculation around the project's future comes amid growing doubts from potential operators who have already spent millions on planning. Prime Minister Andy Burnham has refused to endorse the expansion, citing it as a decision for London and Londoners, which contrasts with the stance taken by Keir Starmer and Rachel Reeves, who supported the project as a key element in growing the economy.

Critics argue that the expansion is incompatible with Britain's climate targets and that costs could overrun the £49bn budget. Bilgen asserted that Turkey has reaped the benefits of a phased approach during construction, highlighting the success of their strategy. He emphasized the importance of a flourishing aviation industry and hub status, stating that improvements in air connectivity can lead to increased tourism, enhanced logistics, commercial activities, and cultural exchange.

Written by urgent.news from City AM's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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