BAA secures funding for airport development

BAA secures funding for airport developmentPeople flying from some of the UK’s major airports should see a number of improved facilities and services over the coming years after operator BAA secured a new funding package.

BAA agreed a deal with banks for additional financing of £7.65 billion, which will allow it to redevelop large parts of Heathrow and Stansted, the Times reports.

One of the major changes that travellers will welcome is the creation of Heathrow East, a new complex that will replace the airport’s existing first and second terminals.

The funding will also allow BAA to make changes to cater for increasing passenger numbers at Stansted Airport.

Holidaymakers travelling from Stansted were recently given two new destinations to choose from – Athens and Vilnius – which began hosting flights from the London airport in May.

The twice-daily services to the Greek capital are provided by Aegean Airlines, while the connection to Vilnius is operated by Lithuanian Airlines.

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