2023-11-29 13:04:20
London ∙ Saudi Arabia to buy 10% stake in London Heathrow, one of the world’s largest airports. Saudi Arabia’s Public Investment Fund has agreed to buy shares in Spanish infrastructure company Ferrovial. Ferrovial invested in Heathrow in 2006. The new investment deal is worth £2.37 billion.
Revenue from passenger charges is an important source of airport investment. Heathrow Airport currently charges a passenger charge of £31.57 per passenger. It is set to drop to £25.43 next year.
London Heathrow is an airport served by 89 airlines to 214 cities in 84 countries. The airport is also the hub of British Airways and Virgin Atlantic and is the second busiest airport in the world. 19.4 million passengers used the airport last year. 17 million of them were international travelers. More than 1,300 daily take-off and landing services take place at Heathrow.
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