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Heathrow Airport expansion to be allowed by UK aviation regulator

Heathrow Airport's expansion plans are moving forward, and the aviation regulator in Britain has proposed that Heathrow Airport be allowed to recover up to 320 million pounds ($432.83 million) of early costs.

The proposal is part of a broader initiative by 'Britain to improve aviation infrastructure, address long-standing capacity issues at Europe's busiest Airport and ensure consumer protections are maintained during the costly planning phase.

The Civil Aviation Authority (CAA), said that the plan to allow Heathrow Airport a recoupment of costs incurred in 2025 and 2026 will help it fund the planning and design work to expand its airport.

Heathrow Airport forecast last week a 'uncertain few months' as capacity constraints 'crimp on its ability to benefit from an shift in global aviation patterns, as a result of the iran war. The west London hub said its growth was lagging behind European competitors, as -its runway slots remain full. ($1 = 0.7393 pounds) (Reporting by Prerna Bedi and Yamini Kalia in Bengaluru; Editing by Shinjini Ganguli)

(source: Reuters)