Dr. Ashley Steel, KPMG’s global head for transport comments on Frankfurt Airport’s fourth runway:
“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.
“The fourth runway at Frankfurt Airport which opens this week illustrates the vision and competitive edge of a world financial city looking to securely capture global business.
“Not so for London. However, there may now be light at the end of the runway.
“With a new Secretary of State for Transport combined with new more quiet and lower carbon emitting aircraft such as the 787 Dreamliner will this be a new dawn for London? We hope so.”
Ends
For further information please contact:
Arti Mohan, Corporate Communications
Tel: 020 7694 8735
Mobile: 07768 858 085
Email: arti.mohan@kpmg.co.uk
KPMG Press Office: 020 7694 8773
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.
