Ian Hannam, ex-global chairman of capital markets at JP Morgan and chairman of Hannam & Partners has responded to the recent statement by Willie Walsh, chief executive of IAG that the costs of Heathrow Airport’s new third runway are “prohibitive” and that the Heathrow Hub extended runway independent proposal should be “put back on the table”. Hannam is a financial backer of the Heathrow Hub extended runway concept, an independent and cheaper alternative to the third runway. He said: “Mr Walsh’s intervention is significant; IAG is Heathrow’s biggest customer and would effectively pay more than half the construction costs of

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