Rise in Middle East passenger traffic bolsters UK airport operator



Heathrow Airport Holdings says passenger traffic to and from the Middle East grew 4.6 per cent to 4.4 million in the first nine months of this year.

Larger aircraft and passenger growth from Emirates Airline, Etihad Airways and Saudi Airlines aided the expansion, said the British firm, which operates airports in Heathrow, Southampton, Glasgow and Aberdeen.

Traffic growth from the Middle East and Asia contributed to the airport operator's 22.1 per cent rise in earnings.

“Strong passenger satisfaction and passenger numbers have driven strong growth in cash flows, funding current investment of almost £4 million [Dh23.7m] a day in improving the airport for passengers and airlines,” said Colin Matthews, the firm’s chief executive.

The company said the number of passengers passing through its airports increased 3.6 per cent during the period to 54.8 million. Net retail income per passenger rose 2.6 per cent to £6.18.

But Heathrow Airport Holdings warned that future investment plans for Heathrow International, the world’s busiest airport for travellers, were being threatened by the intention of Britain’s Civil Aviation Authority (CAA) to keep current airline landing charges long into the future.

“Progress is jeopardised by the CAA’s final proposals for Q6, which reduce returns to below the level at which Heathrow’s shareholders have said they are willing to invest,” said Mr Matthews. “We are now carefully considering our investment plans before responding to the CAA.”

His comments suggest the company’s proposals to build a third runway at Heathrow Airport could be thrown into doubt by the CAA’s plans.

Britain’s wavering over the future growth of Heathrow Airport contrasts with Dubai’s determination to proceed with the expansion of its airport.

Dubai International Airport, which became the world’s second-busiest in terms of global travellers in March, is expanding its capacity to accommodate more double-decker A380 aircraft.

Sheikh Ahmed bin Saeed Al Maktoum, the chairman of Dubai Airports, said last month he hoped Dubai would become the world’s busiest airport by next year.

tarnold@thnational.ae

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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
The biog

Favourite car: Ferrari

Likes the colour: Black

Best movie: Avatar

Academic qualifications: Bachelor’s degree in media production from the Higher Colleges of Technology and diploma in production from the New York Film Academy

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
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The queen bee eats only royal jelly, an extraordinary food created by worker bees so she lives much longer

The life cycle of a worker bee is from 40-60 days

A queen bee lives for 3-5 years

This allows her to lay millions of eggs and allows the continuity of the bee colony

About 20,000 honey bees and one queen populate each hive

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Apart from honey, five other products are royal jelly, the special food bees feed their queen 

Pollen is their protein source, a super food that is nutritious, rich in amino acids

Beewax is used to construct the combs. Due to its anti-fungal, anti-bacterial elements, it is used in skin treatments

Propolis, a resin-like material produced by bees is used to make hives. It has natural antibiotic qualities so works to sterilize hive,  protects from disease, keeps their home free from germs. Also used to treat sores, infection, warts

Bee venom is used by bees to protect themselves. Has anti-inflammatory properties, sometimes used to relieve conditions such as rheumatoid arthritis, nerve and muscle pain

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As long as you deal with bees gently, you will be safe, says Mohammed Al Najeh, who has worked with bees since he was a boy.

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THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

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Price: From Dh1,350,000

On sale: Available for preorder now

Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

'Brazen'

Director: Monika Mitchell

Starring: Alyssa Milano, Sam Page, Colleen Wheeler

Rating: 3/5

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%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Eco%20Way%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20December%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Ivan%20Kroshnyi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Electric%20vehicles%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Bootstrapped%20with%20undisclosed%20funding.%20Looking%20to%20raise%20funds%20from%20outside%3Cbr%3E%3C%2Fp%3E%0A
The specs: 2018 Maserati Levante S

Price, base / as tested: Dh409,000 / Dh467,000

Engine: 3.0-litre V6

Transmission: Eight-speed automatic

Power: 430hp @ 5,750rpm

Torque: 580Nm @ 4,500rpm

Fuel economy, combined: 10.9L / 100km

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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