News. Media Centre.
Latest news from London City Airport

London City Airport delivers £½ billion to UK economy every year

18/11/2010


A new study from York Aviation, one of the UK’s leading specialist independent air transport consultancies and the leader in airport economic impact assessments, has revealed that London City Airport directly contributes over £1/2 billion to the economy each year.

Based on a thorough literary review, on-site research and interviews with leading business figures across the Capital, the study highlights for the first time the combined economic benefits that London City Airport delivers.  This includes;

Alongside this the York study demonstrates that London City Airport’s role in facilitating wider economic growth could support as much as an additional £944 million of GDP including;

The findings from the study come after a speech in Shoreditch on 4 November by the Prime Minister, David Cameron, in which he noted that ‘quick access’ from London City Airport had been an integral part of the growth and success of East London

Richard Gooding OBE, Chief Executive of London City Airport commented:

“This study confirms just how important London City Airport is to the national, regional and local economies.  Our growth has gone hand in hand with the success of Canary Wharf, the City of London and enterprises like ExCel showing that we are key to business productivity and the revenue that is generated by passengers using the Airport.”

 

“These findings also support the comments from the Prime Minister who just last week emphasised London City Airport’s major role in the ongoing regeneration of East London.”

 

Louise Congdon, Managing Partner, York Aviation said:

“Our study clearly demonstrates that London City Airport makes an important direct contribution to the economy through its own activities and the convenient access which it affords to passengers travelling to and from Docklands and the City of London.

 

“The Airport played a pivotal role in underpinning the vision which led to the regeneration of the Docklands in the 1990s and remains absolutely critical to continuing economic growth in the Thames Gateway area.”

As part of the York study, over 30 leading business and public sector figures were interviewed and asked their views on the economic importance of London City Airport.  Comments included;

“The Airport is a key selling point for ExCeL and an important part of its success”  Kevin Murphy, Chief Executive, ExCeL London

 

“London City Airport is important in helping make our merged KPMG Europe operate efficiently. It enables colleagues from our offices across Europe to do a full day’s work at our Canary Wharf European HQ before returning home the same day.  This would be very difficult if we had to rely only on the other London airports.  City Airport enables our European firm to provide the very best client service.” Dr Ashley Steel, Senior Partner, Global Transport and Infrastructure, KPMG

“London City Airport is hugely important to us and is used on a daily basis by our staff, visitors and delegates.” Sara Mendosa, Head of Sector Infrastructure Services, European Medicines Agency 

“The European destinations offered by London City Airport are a fundamental part of the proposition”  Paul Bromelow, Global Sales Director, Think London 

 

“East London cannot fulfil its economic potential without the Airport – the Airport is pivotal to London’s move eastwards” John Williams, Chief Executive, Gateway to London 

Editors note

1. London City Airport is the UK's leading business airport serving over 30 destinations across the UK, Europe and the USA and connections to the rest of the world through major European hubs. The Airport now in its 23rd year of operation is expecting passenger throughput to approach 3 million in 2010.

2. An executive summary of the York Aviation study is available on request. The full technical report will be published early in 2011.

3. York Aviation was established in 2002 and is one of the UK’s leading independent specialist air transport consultancies and the market leader in airport economic impact assessments. In recent years it has provided advice on the economic importance of airports including Heathrow, Amsterdam Schiphol, Manchester, Birmingham, Edinburgh, Glasgow and Stockholm Arlanda. The company also produced the highly influential report The Social and Economic Impact of Airports in Europe for ACI Europe.

Search news stories

Get in touch.

For more on media relations.

For enquiries regarding specific flights, routes or aircraft please contact the airline directly.

Picture of Jeremy

Jeremy Probert
Corporate Communications Director

Tel: +44 (0)20 7646 0132

Email Jeremy directly >
Picture of Charlotte

Charlotte Beeching
External Communications Manager

Tel: +44 (0)20 7646 0132

Email Charlotte directly >

Out of hours urgent media enquiries only: 07747 103 884 / 07798 708 163

Please note - the press office does not deal with marketing, advertising or sponsorship. Please contact the switchboard on 0207 646 0000/88 and ask for the relevant department.

LCY Tweets

Want the chance to win some @flybe tickets? We thought so, enter here http://t.co/iYnKD6i4g7
@WappingLee We'd love to say that it is but pretty overcast at the moment, the blue sky is pushing through though!
RT @WickerBoat: @LondonCityAir Pilots eye view of the final approach to runway 27 ..in 1935! http://t.co/cihTE7P6AA
@WickerBoat Great pic? Do you know what those buildings are?
Preparing for a busy day, are you flying from LCY today? http://t.co/ZNdQIpX0ld
Busy evening here at LCY, let us know if you're travelling through #FlyLCY http://t.co/CdGmPsGhuf
RT @Mr_B_1989: Looking down the only #runway in London @LondonCityAir #avgeek #cityskyline http://t.co/7Mf4zHamrR
T-minus 4 days until @Flybe arrive, enter our competition to win flight tickets to a destination of your choice! https://t.co/WI7JAXYRs8
@liquid_highway1 Great pictures, thanks for sharing with us!
@liquid_highway1 Oh wow, brilliant! Do you have any pics you could share?
@images_gc Here's all the info you need on getting here http://t.co/slHTfzQ4Pq
Edd the Duck once flew from LCY! #tbt :RT @WickerBoat: @LondonCityAir We also had celebrity endorsements! https://t.co/KQJzlTYmDg
@bogoroditzaDina Great! How did you find it vs DLR?
From 1988-1993 we ran a river bus service, 35 mins to central London. Did you ever travel on it? #ThrowbackThursday http://t.co/dOPufYIvNK
@images_gc Yes it's free to park and charge, they are in the Hertz collection bays at the airport.
@GioCaforio You're welcome.
@unlaoised Super speedy isn't it!
@astrotomato Excellent feedback!
@RostiLFC Glad you had a great experience with us!
Follow Us Facebook Twitter Twitter icon Google+ YouTube icon Youtube

Sign up. For news on competitions, new routes and articles. Be the first to know with our newsletter.

Car parking pre-book online.

Save up to 60% >

Book your holiday.

Click here now >

London City Airport

See all destinations >.

Sign up. For news on competitions, new routes and articles. Be the first to know with our newsletter:
Submit >