The Olympics

The Olympics

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News, information and stories about the PyeongChang Winter Olympic Games and the Olympics in general.

Tuesday, March 11, 2008

Heathrow Rushes To Enter The 21st Century

With the opening this month of Terminal 5 at Heathrow, BAA will be moving onto their next grand plan; namely that of opening Heathrow East, in time for the London 2012 Olympics.

Heathrow East will replace Terminals 1 and 2, and will process 30 million passengers a year.

The problem facing BAA, and indeed Heathrow, is that BAA's highly geared finances are balanced on a knife edge. There is a possibility that the company may face a financial crisis before the terminal is completed, thus delaying the completion of the new terminal to after the Olympics.

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