Luton Airport is gearing up to expand its capacity by around 50 percent, as the airport’s owner has extended the airport operational contract with the current operator. The airport contract with London Luton Airport Operations Limited (LLAOL) to operate the facility, has been extended by three years, to 2031.
The airport is currently drawing up detailed plans to increase its capacity from the present annual limit of 11.5 million passengers, to a proposed 18 million passengers, while staying within the present border and runway capabilities of the airport.
Robin Harris, the chairman of London Luton Airport Limited (LLAL), the parent company of the airport’s owners, said, ‘Given Luton airport’s position as the single biggest asset owned by the people of Luton, this agreement and its potential benefits for wealth in the region’s economy are momentous.
LLAL is delighted at this step forward and at the benefits it will bring to Luton airport and to the region’s residents.’
Glyn Jones, the managing director of LLAOL, said, ‘The agreement will allow LLAOL to continue the successful work which we have been carrying out at London Luton Airport since 1998.
Last year the airport was the UK’s fastest growing major airport and this agreement will enable both parties to continue to deliver sustainable growth together, developing the airport in a positive way for partners, residents and passengers.’