The UK government approved the expansion of London City Airport — a project held up by former mayor Boris Johnson — as new chancellor of the exchequer Philip Hammond looks to underline the city’s role in the global economy in the aftermath of Britain’s vote to exit the EU.

CityJet has warned that all airlines flying to and from London City Airport are concerned over its sale to a Canadian consortium for £2bn (€2.58bn) and the potential cost increases the deal could bring.

CityJet has cast doubt on London City Airport’s long-term future should a mooted £2bn (€2.59bn) sale go through.

London City Airport has been put up for sale with its owners reportedly hoping to attract a price tag of up to £2bn on the fast-growing airport.