London City airport adds little to economy, says report

[LONDON] London City Airport, the closest terminal to the capital's financial district, contributes little to the UK economy and should be closed, according to a report yesterday from the New Economics Foundation.

The airport added about £110 million (S$230 million) to the UK economy last year, compared with the £513 million brought in by the ExCel exhibition and conference centre across the River Thames, according to the study.

The facility's passengers, who account for about 2.4 per cent of London airport traffic, could easily be absorbed by other terminals, they said.