A new hub airport in the South East would require billions of pounds of public subsidy to get off the ground and would have a major impact on the future of Heathrow, a study said this week.
The House of Commons transport committee commissioned consultant Oxera to assess the commercial viability of a new hub airport. The consultant concludes that public subsidy in the range of £10bn-£30bn in today’s money would be necessary.
“We hope this work delivers something new to a...
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