Dr. Ashley Steel, KPMG’s global head for transport comments on the economic impact of “hub airports”:
“In a period of economic turmoil and rising unemployment the potential benefits of private sector funded airport capacity expansion in order to enable hub operations has never been greater.”
“With Frankfurt and Schipol continuing to build ever more runways the pressure builds on London to ensure it has an efficient and effective hub airport.”
“Failure to deliver risks business people overflying London as they prefer to ‘hub’ via other European cities which are less capacity constrained. This could result in the loss of much needed flight frequencies to key business cities as flights become less full and hence loss making.”
-Ends-
For further information please contact:
Katrin Boettger
Tel: +44 207 896 4232
KPMG press office: +44 207 694 8773
Email: Katrin.boettger@kpmg.co.uk
About KPMG:
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with nearly 11,000 partners and staff. The UK firm recorded a turnover of £1.6 billion in the year ended September 2010. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 150 countries and have more than 138,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.
