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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