Ferrovial Group, the new owner of BAA, said it remains committed to constructing a second runway at London Stansted but will reevaluate the project's estimated £4 billion ($7.4 billion) price tag. The Spanish firm added that the review will not delay the project but will ensure "that it delivers value for money." A committee composed of airlines operating at Stansted said last week that BAA's expansion plans were "excessive" and would create a "costly, gold-plated" airport that would ...

Subscribe to Access this Entire Article

"Other News - 07/10/2006" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.