Michael Ward, chief executive of the London Development Agency said:
He continued: 'This research shows that Heathrow is the only airport capable of being the hub over the next 10-15 years and needs to be developed to ensure the UK keeps pace with European competitors.'
As London's economic development agency the LDA believes that London airports are important to the national economy, both from inward investment and the growth of new business. This is particularly relevant in the fastest growing sectors of the economy such as finance and business services, tourism, IT and media. An increase in airport capacity will enable and support further economic growth.
As well as supporting Heathrow as the national hub, the research also supports the view that further development takes place at Stansted and Gatwick airports.
The London Development Agency is one of the nine regional development agencies in England. It is also a functional body of the Greater London Authority.
As London's business-led economic development agency its view on airport expansion is offered to the Mayor as advice as his economic development agency. This response does not necessarily represent the policy of the Mayor, who will have to take other factors into consideration.