Heathrow Denies Major Shareholder Exit Over Third Runway Expansion Costs
London Heathrow Airport has officially refuted reports that the China Investment Corporation (CIC) is selling its 10% stake. Speculation suggested the potential sale was driven by concerns over the escalating £14 billion cost of the planned third runway. An airport spokesperson dismissed the claims as "incorrect" in a firm denial. They also reaffirmed that CIC continues to be a "supportive shareholder" in the major international hub. The story highlights the financial scrutiny surrounding the massive and controversial expansion project.
Official Source: https://aircargoweek.com/heathrow-denies-cic-stake-sale-over-expansion-costs/
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