Millions to be invested into Heathrow Airport

Passengers travelling from Heathrow Airport are set to benefit from millions of pounds that will be invested into the travel hub.

BAA has announced that it plans to inject £500 million into its London Airports Group.

More than half of the money will be invested now and the rest is set to be released in January 2010.

This comes after BAA sold Gatwick Airport earlier this month following a report from the Competition Commission.

BAA will provide the majority of the cash while shareholders are expected to fork out £200 million.

In addition to improving services at Heathrow, BAA plans to pay off its debts and strengthen the group.

This follows the announcement by the Department for Transport last month that it would strengthen the financial resilience of major UK airports.

BAA currently owns seven UK airports, Heathrow, Gatwick, Stansted, Edinburgh, Glasgow and Aberdeen.

Last month, there was an overall improvement of the group's traffic figures.

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