London's Heathrow eyes higher fees for £10billion upgrade

London's Heathrow Airport on Friday said it plans to invest £10 billion over the next five years in upgrades to boost passenger numbers, largely funded by higher charges to airlines. The plans, which are subject to approval by the UK's Civil Aviation Authority (CAA), would add an additional 10 million passengers per year by 2031.

The upgrades would include faster security and baggage handling, as well as new lounges, shops and restaurants within existing terminals. Heathrow said it plans to increase the fee levied on airlines to an average of £33.26 per passenger.