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Gatwick Airport announces second runway plan | |
(about 5 hours later) | |
Gatwick Airport has announced its preferred location for a second runway. | |
The airport has revealed details of its final submission to the Davies Commission, which is looking at raising airport capacity. | |
Chief executive Stewart Wingate said the airport wanted a second runway to be positioned south of the existing airport. | |
He said there was a "robust and compelling case" for going ahead with the plans. | |
Mr Wingate said building an extra runway at Gatwick could be privately financed and was "the best and most deliverable solution". | |
Several options have been put forward for increasing aviation capacity including the expansion of Gatwick in West Sussex, the expansion of Heathrow, the building of a new hub airport in the Thames Estuary, and greater use of existing regional airports across the South East. | |
'Constellation system' | |
Mr Wingate said expansion at Gatwick would cost between £5bn and £9bn and the second runway could be open by 2025. | |
He said the plans had the support of business groups including the Gatwick Diamond Initiative and Sussex Enterprise and local authorities including West Sussex County Council and Kent County Council. | |
He added: "A two-runway Gatwick, as part of a constellation of three major airports surrounding London, will also provide flexibility in an industry where the only constant is change." | |
He said other world cities, including New York, Tokyo, Paris and Moscow, also operated a multi-airport or "constellation" system and could handle greater numbers of passengers than cities relying on a single hub. |