The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksInternational Airlines Share News (IAG)

Share Price Information for International Airlines (IAG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 178.65
Bid: 178.70
Ask: 178.80
Change: 0.00 (0.00%)
Spread: 0.10 (0.056%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 178.65
IAG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 3-Britain's top court gives go-ahead to Heathrow expansion

Wed, 16th Dec 2020 10:08

* Heathrow, to west of London, is UK's biggest airport

* Legal battles, political wrangling have long blocked
expansion

* PM Johnson opposes expansion, spokesman says to respond
later

* Ruling comes amid COVID-induced downturn, Brexit
uncertainty

* Heathrow keen to retrieve crown as Europe's busiest hub
(Adds PM spokesman's comment, bullets)

By Sarah Young

LONDON, Dec 16 (Reuters) - Britain's top court gave the
go-ahead to the expansion of Heathrow Airport on Wednesday,
allowing the 14 billion pound ($19 billion) plan to proceed
after decades of legal battles and political wrangling.

The Supreme Court ruling overturned a previous court
decision that had blocked the plan on environmental grounds.

Heathrow, Britain's biggest airport, currently has only two
runways and is keen to proceed despite the plunge in air traffic
during the COVID-19 pandemic that has seen it lose its crown as
the busiest hub in Europe.

Prime Minister Boris Johnson has been a vociferous opponent
of the expansion, which was approved under the previous
government. As mayor of London, he said in 2015 he would lie
down in front of bulldozers if necessary to stop construction
of the third runway.

His spokesman said on Wednesday the government had noted the
court's judgment and would respond in due course.

In February, a court had declared the expansion unlawful,
ruling in favour of climate change campaigners. The judge had
said that a failure to take into account the British
government's commitments on climate change was "legally fatal"
to the plans.

But a Supreme Court judge told a virtual session on
Wednesday that the government had taken climate change
commitments into account when designing its airport policy.

"For these reasons, the Court unanimously concludes that the
appeal should be allowed. The airports national policy statement
is lawful," Judge Philip Sales said.

Since February, the aviation sector has been hit by its
worst ever downturn, meaning Heathrow now has plenty of spare
capacity, but the airport said another runway was still vital
for the future.

BREXIT

"Demand for aviation will recover from COVID-19, and the
additional capacity at an expanded Heathrow will allow Britain
as a sovereign nation to compete for trade and win against our
rivals in France and Germany," a Heathrow spokesman said in a
statement.

Heathrow and its supporters argue that Britain's departure
from the European Union makes expansion critical to ensuring the
country can increase trade with the rest of the world. The new
runway won't be opened until the 2030s, Heathrow has said.

The airport is owned by Spain's Ferrovial, the
Qatar Investment Authority and China Investment Corp, among
others.

Though it is Britain's biggest airport by value, its two
runways compare with Paris's and Frankfurt's four and
Amsterdam's six. Before the pandemic, it had no space to add new
flights.

The project has been hotly debated in Britain for almost
half a century. The new runway was previously approved in 2009
before being scrapped the following year, and then approved
again in 2018.

Wednesday's ruling represents a setback to wider hopes among
climate campaigners of using Heathrow as a test case to develop
similar legal challenges to heavily polluting transport, energy
or other projects in other countries.

Heathrow said that its expansion plan must now go through a
planning process that will require it to prove expansion is
compliant with Britain's climate change obligations before
construction can begin.
($1 = 0.7408 pounds)
(Additional reporting by Michael Holden and Kate Holton;
Editing by Alex Richardson and Gareth Jones)

More News
3 Oct 2023 10:55

Aurrigo inks deal with British Airways parent IAG for aviation tech

(Alliance News) - Aurrigo International PLC on Tuesday said that it has signed a formal partnership agreement with British Airways parent International Consolidated Airlines Group SA for the deployment and demonstration of Aurrigo's autonomous aviation solutions within the UK.

Read more
28 Sep 2023 17:28

IAG, Lufthansa and Air France KLM keen on stake in Portugal's TAP

(Alliance News) - The Portuguese government on Thursday opened the sale of a majority stake in flag carrier TAP, with Deutsche Lufthansa AG quickly expressing interest and other European rivals also expected to be keen. 

Read more
19 Sep 2023 09:46

LONDON BROKER RATINGS: HSBC cuts NatWest; Stifel likes Computacenter

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
12 Sep 2023 05:58

UK govt, British Airways face claim over Kuwait hostage crisis

(Alliance News) - Passengers and crew members of a British Airways flight who were taken hostage in Kuwait in 1990 are intending to take legal action against the British government and the airline, a law firm said Tuesday. 

Read more
8 Sep 2023 09:11

UK competition regulator proposes Heathrow charges are reconsidered

(Alliance News) - The competition regulator has provisionally found that some errors were made in a decision on how much Heathrow Airport can charge airlines.

Read more
8 Sep 2023 07:56

Competition regulator mostly backs lower airline price caps at Heathrow

(Sharecast News) - The UK competition regulator has said that the Civil Aviation Authority (CAA) made some errors in determining the lower price cap that Heathrow should charge airlines, but said that most of its calculations had been correct.

Read more
30 Aug 2023 17:15

FTSE 100 gains for sixth day on homebuilders' boost

Homebuilders up 1.8%

*

Read more
30 Aug 2023 14:29

Airlines count cost of UK traffic control failure

(Alliance News) - The worst disruption to UK air traffic control in almost a decade following a technical fault risks costing carriers around GBP100 million, the head of global airline body IATA estimated Wednesday.

Read more
30 Aug 2023 09:53

UK air traffic control meltdown fault won't happen again - NATS

Head of air traffic control provider says issue fixed

*

Read more
30 Aug 2023 08:21

Britain's air traffic control failure to cost airlines 100 mln stg -IATA head

LONDON, Aug 30 (Reuters) - The cost to airlines from Britain's air traffic control failure on Monday is likely to reach about 100 million pounds ($126 million), Willie Walsh, the head of global airlines group IATA told the BBC on Wednesday. ($1 = 0.7920 pounds) (Reporting by Sarah Young, editing by Elizabeth Piper)

Read more
30 Aug 2023 07:45

UK air traffic control says problem which caused flight cancellations won't happen again

LONDON, Aug 30 (Reuters) - The disruption to flights into and out of Britain caused by a technical failure on Monday will not happen again after changes were made to the system, the head of the country's air traffic control group NATS said.

Read more
29 Aug 2023 21:16

UK air traffic failure set to disrupt flights for days

Around 1,500 flights cancelled on Monday

*

Read more
29 Aug 2023 13:44

UK government orders review into air traffic control chaos

(Alliance News) - The UK government on Tuesday ordered a review after the country's air traffic control system suffered its worst disruption in almost ten years, stranding thousands of passengers.  

Read more
29 Aug 2023 11:51

LONDON MARKET MIDDAY: FTSE outperforms peers; housebuilders rise

(Alliance News) - The FTSE 100 was outperforming its European peers at midday on Tuesday, amid news that UK consumer price inflation is decelerating and the government is scrapping some rules to boost housebuilding.

Read more
29 Aug 2023 07:45

UK air travel disruption to last for days -minister

LONDON, Aug 29 (Reuters) - British transport minister Mark Harper said it would take days to resolve the widespread disruption to flights into and out of the country after air traffic control systems were hit by a technical problem.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.