Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Heathrow boss criticised over resilience as lawmakers probe shutdown
    Finance

    Heathrow boss criticised over resilience as lawmakers probe shutdown

    Published by Global Banking & Finance Review®

    Posted on April 2, 2025

    2 min read

    Last updated: January 24, 2026

    Image depicting the recent Russian military advance into eastern Ukraine near Dobropillia, highlighting the escalating tensions ahead of the Trump-Putin summit. This event is pivotal in the ongoing conflict and impacts geopolitical discussions.
    Russian military advance in eastern Ukraine ahead of Trump-Putin summit - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    Heathrow's 18-hour shutdown due to a substation fire raised resilience concerns, affecting 300,000 passengers and costing airlines millions.

    Heathrow CEO Criticized Over Airport Shutdown Resilience

    LONDON (Reuters) - The boss of Heathrow came under fire for an 18-hour shutdown at the airport last month after an airline representative said he had raised concerns about the hub's resilience days earlier, as lawmakers scrutinised the nationally embarrassing incident.

    A blaze at a substation near to the airport caused the closure on March 21, raising questions about the resilience of national infrastructure. The incident left about 300,000 people stranded and cost airlines millions of pounds.

    Seeking to learn lessons, lawmakers on Wednesday quizzed the chief executive of Heathrow and senior representatives from National Grid, power provider SSE and an airline representative.

    Nigel Wicking, boss of the Heathrow Airline Operators' Committee which represents 90 airlines using the hub, said he had voiced concern on March 15.

    "I'd actually warned Heathrow of concerns that we had with regard to the substations, and my concern was resilience," Wicking said.

    He raised further concerns two days before the fire after the lights of one of Heathrow's runways went out for a short period following theft of cable.

    Safety was the main concern for Heathrow, Thomas Woldbye, the airport's CEO said. The fire meant the airport had to power down systems, then rewire the airport to connect to another power supply, before powering back up, and that took hours.

    Wicking said the airport could and should have started flights sooner.

    "I'm not hearing that there was a lack of power to come into Heathrow," he said. "I was hearing that it took time to move that power to where it needed to be within Heathrow. And 10 hours for me, were too long."

    The airport's contracts with power suppliers had resilience built in, Woldbye said. Building full resilience at the airport would come at a very high cost, he said, estimated at 1 billion pounds.

    (Reporting by Sarah Young, Editing by Paul Sandle)

    Key Takeaways

    • •Heathrow faced an 18-hour shutdown due to a substation fire.
    • •300,000 passengers were affected, costing airlines millions.
    • •Concerns about infrastructure resilience were raised prior.
    • •Lawmakers questioned Heathrow and power providers.
    • •Full resilience improvements could cost 1 billion pounds.

    Frequently Asked Questions about Heathrow boss criticised over resilience as lawmakers probe shutdown

    1What is the main topic?

    The main topic is the resilience of Heathrow Airport following an 18-hour shutdown due to a substation fire.

    2Why was Heathrow shut down?

    Heathrow was shut down due to a fire at a nearby substation, which affected power supply and airport operations.

    3Who was affected by the shutdown?

    Approximately 300,000 passengers were stranded, and airlines incurred significant financial losses.

    More from Finance

    Explore more articles in the Finance category

    Image for French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Image for Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    Image for AI trade splinters as investors get more selective
    AI trade splinters as investors get more selective
    Image for EU extends tariff suspension on $109.8 billion of US imports for six months
    EU extends tariff suspension on $109.8 billion of US imports for six months
    Image for Dog food maker Ollie acquired by Spain’s Agrolimen
    Dog food maker Ollie acquired by Spain’s Agrolimen
    Image for Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    View All Finance Posts
    Previous Finance PostItaly's Intesa plans SRT tied to $1.62 billion of ESG corporate loans, Bloomberg News reports
    Next Finance PostUK sanctions pro-Russia network in Moldova over election interference