AssetID: 55944036
Headline: UNCAPTIONED: Luton Airport Prepares Major Operator Shake-Up Amid Expansion Plans
Caption: Luton Airport Prepares Major Operator Shake-Up Amid Expansion Plans. Luton Rising, the company owned by Luton Council that oversees London Luton Airport, is preparing to appoint new operators for the airport when its current concession expires in 2032. The firm has appointed investment bankers to help manage the process of awarding a new long-term licence, with American bank Cantor Fitzgerald reportedly among those being considered. The process is expected to lead to the selection of new concession operators by the end of 2029, several years before the existing agreement expires. The current concessionaire was acquired in 2013 by Spanish airport operator Aena Internacional and France’s Aerofi, and is now owned 51% by Aena and 49% by infrastructure investor Infrabridge. Luton Airport handled 16.7 million passengers in 2024 and expects its ambitious expansion plans could almost double passenger numbers by the mid-2040s. The expansion, which received government approval in 2025 and cleared its final legal hurdle last month, includes a new terminal, an enlarged existing terminal and additional taxiways. The programme could create nearly 11,000 new jobs, while the value of a future operating deal is set to reflect both the airport's growth prospects and the value of new infrastructure. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Luton Airport,Aena,Cantor Fitzgerald,Luton Rising,Luton Council,government,expansion,terminal,runway,operators,2032,process,concession,London,transport
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