Beyond refinancing existing debt, a supplementary capex provision will allow London City Airport to drive forward a range of IT and terminal infrastructure upgrades, including increased check-in desk capacity, additional luggage belts, improvements to lounge areas, and expansions to car parking facilities, delivering significant enhancements to the passenger experience.
A portion of the financing will also support community programmes designed to manage and reduce the impact of aircraft noise within the local area.
Since its opening in 1987, London City Airport has established itself as a key, ultra-fast connection point to continental Europe, and is situated adjacent to the financial centres of Canary Wharf and the City.
London City Airport has set an ambitious goal of becoming one of the most sustainable airports in Europe and achieving net-zero emissions by 2030 - an initiative that is of strategic importance to NORD/LB when it looks at investment opportunities.
About NORD/LB
NORD/LB Norddeutsche Landesbank is one of the leading German commercial banks. The core business segments include business with corporate customers, private and commercial customers including private banking as well structured finance in the energy and infrastructure sector and commercial real estate finance. The bank is headquartered in Hanover, Brunswick and Magdeburg and has branches in Oldenburg, Hamburg, Schwerin, Düsseldorf and Munich. Outside Germany NORD/LB is represented by a Pfandbrief Bank (NORD/LB Covered Bond Bank) in Luxembourg and branches in London and New York.
About London City Airport
Find out more about London City Airport here: https://www.londoncityairport.com/corporate
