Sponsorship Costs 'Emirates Airline'

Meeting: 
MQT on 2013-05-22
Session date: 
May 22, 2013
Reference: 
2013/1410
Question By: 
John Biggs
Organisation: 
Labour Group
Asked Of: 
The Mayor
Category: 

Question

Will you publish the sponsorship agreement for the 'Emirates AirLine' and its accounts, including capital costs, and revenue figures so that Londoners can understand the true nature of its burden to them?

Answer

Answer for Sponsorship Costs 'Emirates Airline'

Answer for Sponsorship Costs 'Emirates Airline'

Answered By: 
The Mayor

The sponsorship agreement will be published on the TfL website in the next few weeks. The end of year accounts will detail the capital costs and revenue figures. The Emirates Airline is a great success story with passenger numbers tracking at over 10 per cent ahead of projections and customer satisfaction at 93 per cent. Operational costs of the scheme are being covered and local businesses are reporting an increase in footfall and income as a direct result of the scheme.