Ex-DAA boss to quit as London City CEO
THE former CEO of Dublin Airport Authority (DAA) is stepping down from his role as boss of London City Airport.
Declan Collier (61) joined London City Airport as CEO in 2012, having secured the role the previous year. A former Esso executive, he had been CEO of the DAA since 2005.
London City Airport, which is served from Dublin by CityJet and British Airways, handled 4.5 million passengers last year compared to three million in 2012. The airport, once owned by financier Dermot Desmond, is now owned by a consortium that includes the Ontario Teachers' Pension Plan fund and Borealis. The investors acquired it last year for £2bn (€2.3bn).
Last year, London City Airport was cleared for a £344m (€404m) expansion designed to help it accommodate more flights and passengers. It will extend its terminal and build new infrastructure to handle larger aircraft.
Mr Collier said that it had been a "privilege and a pleasure" to have spearheaded the airport's development during his tenure.
"London City Airport is a great business and well placed to take advantage of future growth and new aircraft technologies as we embark on our City Airport development programme," he said.
"However, as we embark on the next phase of the airport's development I feel it is the right time to transition to new leadership."
He said he will assist with identifying a successor and will work with the management team until the new CEO takes up the role.
London City Airport chairman Terry Morgan said that Mr Collier had made a "tremendous contribution" to the airport.