Heathrow Airport is set to confirm a multi-billion pound investment plan to expand two of its terminals ahead of submitting proposals for a third runway to the government this summer.On Wednesday, chief executive Thomas Woldbye will unveil funding to increase capacity at terminals two and five,

London's Heathrow Airport, one of the world's busiest hubs, will submit its proposal for a third runway to the British government by summer, its chief executive Thomas Woldbye will say in a speech on Wednesday.

The Government has thrown its weight behind expansion at Heathrow but critics to the possible £63billion project range from airlines and environmentalists to high profile figures within Labour

In a statement on Monday, the UK’s largest airport said it was in the process of finalising proposals with stakeholders that would bring the long-delayed, highly controversial project back to life

Heathrow will submit a plan for its third runway in the summer, its chief executive has confirmed after the chancellor indicated support for the project

Almost 84 million passengers passed through Heathrow last year, a record, representing a far faster recovery to pre-Covid levels than most pundits predicted. Even in a severe cost of living squeeze, foreign holidays was one of the few categories of spending that most consumers were not prepared to compromise on.

What could a third runway at Heathrow mean for tourism and the climate? Whatever the outcome, it’s still a long way away from happening.

Heathrow has pledged to deliver a scheme for a third runway to government by the summer. The commitment was made after chancellor Rachel Reeves backed expansion of the London hub. Reporting the airport’s busiest January on record, a statement said: “We welcome the chancellor’s recent show of support for a third runway at Heathrow.

U.K. Treasury chief Rachel Reeves says that the new Labour government is backing the construction of third runway at London’s Heathrow Airport.