CEO of International Airlines Group (IAG), William Walsh said the plan to add third runway at Heathrow airport, London cannot be justified. IAG is the parent company of Aer Lingus, British Airways, IAG Cargo, Iberia, LEVEL, Vueling and Avios Group.
A £17.6bn project would increase airport charges and those charges would have to be passed on to passengers (would eventually increase the ticket fares to London bound flights)
When speaking at ACTE-CAPA Global Summit, Mr Walsh said the runway itself would cost only £200m and the rest are going on other facilities which is not really necessary, and said it is “ridiculous glory project”. Mr. Walsh recommended an alternate plan by businessman Surinder Arora and claims it could save £7bn on the project.
However, Heathrow project planners say that it is a one in a generation opportunity to expand the Airport with the limited space available and increasing air traffic.