Tag Archives: Heathrow Airport

PIF announced that it has entered into a share purchase agreement to acquire a 10% stake in FGP TopCo (TopCo), the holding company of Heathrow Airport Holdings Ltd, from Ferrovial S.A. Under the terms of the agreement, PIF will acquire 10% in TopCo, and Ardian through its infrastructure funds will acquire 15% through separate vehicles. The transaction is subject to complying with ROFO (Right of First Offer) and full tag-along rights which may be exercised by the other Topco shareholders pursuant to the Shareholders’ Agreement and the Articles of Association of the company, in addition to satisfaction of applicable regulatory conditions. PIF is pleased to be investing in Heathrow, a world-class airport, which acts as a key gateway to the world. PIF’s investment in Heathrow is in line with its strategy to support the business as a long-term partner. Heathrow is one of the world’s largest air traffic platforms, connecting the UK with global trading partners to help stimulate economic growth.

The President of Emirates Airline and the CEO of Heathrow Airport held a constructive meeting where Emirates agreed the airline was ready and willing to work with the airport to remediate the situation over the next 2 weeks, to keep demand and capacity in balance and provide passengers with a smooth and reliable journey through Heathrow this summer. Emirates has capped further sales on its flights out of Heathrow until mid-August to assist Heathrow in its resource ramp up, and is working to adjust capacity. In the meantime, Emirates flights from Heathrow operate as scheduled and ticketed passengers may travel as booked.

Customers flying First in British Airways from Dubai can now enjoy special rates if they book 60 days in advance, with fares starting from as little as AED 21,270. They will also be able to access British Airways’ new Concorde Lounge concept at Concourse D at Dubai International Airport that provides a dedicated area for First customers and their guests to relax and unwind in a private environment before boarding their flight. Further, all passengers who are flying First Class from Abu Dhabi to Terminal 5 of Heathrow Airport in British Airways and are booking 60 days in advance can experience the newly designed luxury cabins on board the 787-9 Dreamliner for as little as AED 20,550. British Airways is continuing to invest in other improvements in its First Class amenities, including a similar refresh of its flagship Concorde Room at Heathrow Terminal 5, with an updated look and feel as well as improvements to the terrace area, which is to be unveiled in October 2017.