Boarding pass ready for new chairman
The powerful aviation body that decides which airlines get London's valuable landing slots is close to appointing a new chairman to pilot international expansion.
Airport Co-ordination Limited (ACL), a not-for-profit group owned by nine airlines including BA, easyJet and Virgin Atlantic, is understood to have identified a candidate with strong corporate governance skills. Headhunter Warren Partners began approaching prospective candidates to succeed Hugh Boulter late last year and an announcement could be made as early as this week.
ACL is growing internationally, dishing out slots at airports in Auckland, Dubai and Toronto, and co-ordinating around 2.8 million flights worldwide. In the UK, ACL works with 23 airports, which also include Edinburgh and Bournemouth.
ACL's managing director Chris Bosworth said: "Our independent chairman is retiring in July. He has been with us for coming up to 10 years."
It is understood ACL, which was set up 20 years ago, wants the new chairman to work closely with Mr Bosworth to win more work abroad.
The potential value of airport slots was illustrated last year by a BA financing package. It tried to raise £454m in bonds and equity loans secured against pairs of Heathrow take-off and arrival slots.
- 1 Britain First 'acting like Ukip henchmen' by invading meeting of activists in revenge for pub protest against Nigel Farage
- 2 Katie Hopkins attacked me on Twitter — so I reported her to the police for inciting racial hatred
- 3 Tidal: Jay Z's Spotify rival streaming service criticised for making wealthy artists even richer
- 4 Brixton squat flats now costing up to £3k per month show how out of control rent is in London
- 5 A new (old) cure for MRSA? Revolting recipe from the Dark Ages may be key to defeat infection
Costa Concordia: Shipment of Mob drugs was hidden aboard cruise liner when it hit rocks off Italian coast, investigators say
Brixton squat flats now costing up to £3k per month show how out of control rent is in London
A new (old) cure for MRSA? Revolting recipe from the Dark Ages may be key to defeat infection
Jeremy Clarkson 'could be given minder' ahead of a potential Top Gear return
Germanwings plane crash: Transcript reveals passengers 'screamed for over five minutes' before plane crashed into mountain
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
Street preacher quoting from the Bible fined for calling homosexuality an 'abomination'
Jeremy Clarkson sacked live: Alan Yentob 'wouldn't rule out' ex Top Gear host's BBC return
Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
The West has it totally wrong on Lee Kuan Yew
David Cameron calls Labour 'hopeless, sneering socialists' while announcing 7-day NHS plans
iJobs Money & Business
£45000 - £50000 per annum + benefits : Ashdown Group: A highly successful, glo...
£50,000 - £55,000: Neil Pavier: Are you a professionally qualified commercial ...
£45,000 - £55,000: Loren Hughes: Are you looking for a new opportunity that wi...
Circa £45,000-£50,000 + benefits: Sheridan Maine: Are you a newly qualified ac...