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| London Luton Airport is one of the UK's fastest growing airports with passenger numbers up from 1.9 million in 1995/96 to 6.5 million in the calendar year 2001. Of those passengers, 74 per cent are on scheduled services. In a pioneering public-private partnership deal signed in August 1998, London Luton Airport remains publicly owned by Luton Borough Council but is operated managed and developed by a private consortium, London Luton Airport Operations Ltd, for a period of 30 years. A specialist airport management company, TBI plc, became the majority shareholder in London Luton Airport Operations Ltd in March 2001 when they increased their shareholding by buying shares from Barclays Private Equity and Barclays UK Infrastructure Fund. The new structure of London Luton Airport Operations Limited is TBI plc with a 71.4 percent share and Bechtel Enterprises (Luton) UK Ltd. Holding a 28.6 percent share. London Luton Airport was officially opened on 16 July 1938 by the Right Honourable Kingsley Wood, Secretary of State for Air. The airport was owned by the Borough of Luton and, even in those early days, it was considered that Luton ought to be designated the northern terminal for London. During the war years, the airport was a base for 264 Fighter Squadron. It was also an important manufacturing site at which the Percival Aircraft Company designed and built a series of aircraft for both civil and military use. | ||
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