London Biggin Hill Airport has secured a £15 million ($18.776 million) financing package from HSBC to fund a major infrastructure-improvement program. Site clearing has already begun for a new 60,000-sq-ft hangar capable of storing up to six ultra-long-range business jets; a three-story office complex of 10,000 sq ft; and an additional 1.6 acres of ramp space. Construction of an on-site four-star, 50-bed hotel has also begun.
The airport, which is celebrating its centennial this year, has established itself in recent months as a major center for business aircraft servicing with Bombardier Business Aircraft's new maintenance facility.
“Completing the deal with HSBC enables us to fulfill the next stage of our development strategy for further enhancing Biggin Hill’s reputation as the gateway to London, and the city for business aviation,” said Will Curtis, the airport’s managing director. “Building on the success of the HSBC deal, Biggin Hill is introducing extended operating hours in the coming weeks that will provide our customers and users with unrivaled flexibility and capacity.”