Transforming London Stansted Airport

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OUR AMBITION Since MAG acquired London Stansted Airport in 2013, our investment has

delivered more choice and better facilities for passengers, creating a new dynamic force in the region and one of the UK’s fastest growing airports. We have increased the number of airlines and routes available, which has helped boost passenger numbers by 40% to 26 million. Our cargo operation is the third biggest in the UK, helping British businesses trade with the global marketplace every day.

Our acquisition of the airport five years ago marked the start of a new era for Stansted. Under new ownership, our positive approach to working in the community and with our airlines has brought significant benefits for passengers and the UK economy through increased investment, stronger competition and greater choice. A reinvigorated Stansted now serves 40 new destinations, including key cities in Europe and the USA. We have ambitious plans which will see a £600 million transformation of the airport including a new terminal for arriving passengers. With a focus on improving our facilities, we want to attract more airlines to serve new global markets. Sitting at the heart of the London-Cambridge corridor and the successful East of England region, the airport plays a significant role in connecting thriving high tech businesses in places like Hackney and life science research parks in Cambridge with the world. These companies do business on a global scale and a better-connected Stansted is critical to their success. The exciting announcement from Emirates that it will begin daily services to Dubai this year is a clear statement of Stansted’s potential over the next decade, and we are committed to working with Government to deliver its objectives of increasing international connectivity and trade post- Brexit, particularly with fast-growing markets like China and India. With Stansted expected to serve 35 million passengers a year by the early 2020s and a new runway at Heathrow at least a decade away, it is crucial we make best use of our existing capacity. This will enable us to double our contribution to the region’s economy to £2 billion a year.

The centrepiece of the transformation project is a new arrivals terminal which will open in 2020.