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London City Airport has a CAA Public Use Aerodrome Licence (Number P728) that allows flights for the public transport of passengers or for flight training. Only multi-engine, fixed-wing aircraft with special aircraft and aircrew certification to fly 5.5 degree approaches are allowed to conduct operations at London City Airport. The airport has produced a master plan outlining their vision for growth up to 2030. The plan shows an expansion of the airport to a maximum capacity of 8 million passengers per annum, without the addition of a second runway, or significant expansion of the airport boundaries. London City Airport was purchased from the Irish businessman Dermot Desmond, in October 2006 by a consortium comprising AIG Financial Products Corp. and Global Infrastructure Partners (GIP). In the final quarter of 2008 GIP increased its stake in the airport to 75%, the remaining 25% belongs to Highstar Capital. In 2010, London City Airport served nearly 2.8 million passengers, a 0.6% reduction compared with 2009. |