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Bosses at Stansted Airport concerned over cost of airport expansion

Car Hire Stansted Airport have been surprised at the lack of interest in considering expansion at the airport they provide car hire for, after the latest developments of costs at other run ways.

Bosses at Stansted Airport are concerned over the cost to the public of building new runways at Heathrow and Gatwick.

The Airports Commission has released its latest analysis of three short listed plans to answer the country’s long-term aviation capacity crisis at the beginning of a three-week public consultation period.

Charlie Cornish, chief executive of MAG (Manchester Airports Group) which owns Stansted, said “We are deeply concerned by the unprecedented levels of state aid factored into the Airport Commission’s appraisal of the three schemes. Given the private interests at stake, adopting a special set of rules that favours the delivery of new capacity over the use of existing capacity, will have profound adverse consequences for competition and consumers in the long run.”

According to the analysis by Sir Howard Davies and his team, Gatwick’s plan to add a second runway is the quietest and easiest to deliver while expanding Heathrow is more likely to deliver a bigger boost to the economy, and create more jobs.

Sir Howard is evaluating a second runway at Gatwick, a third runway at Heathrow, or an extension to one of the existing Heathrow runways. The commission warns a second runway at Gatwick would cost £2 billion more than the bid suggests. Separate plans to expand Heathrow are predicted to cost £3 billion to £4 billion more.

Alternative long-term proposals, including building new airports near Oxford or in the Thames Estuary, have already been ruled out, but in the short-term Stansted in the only airport in the South East with substantial spare capacity on its existing runway.