Investment decisions

Vienna airport always wanted to build a third runway by 2011 to meet demand projections. Now they outbid everybody in the privatisation of Bratislava Airport (capital of Slovakia), which is only 48 km away from Vienna airport. The concept: operate Vienna as a hub for premium passengers, move the cheap flights to Bratislava, get back to Vienna by rail.

For investment decisions, you cannot beat the British for the being the most stupid. Expand Heathrow, add an extra runway, expand Stanstead, add a runway and a terminal or two. Especially if it involves digging up good agricultural land. Nothing like turning agricultual land into concreted runways because a lot of people in authority believe that extra runways will be needed by 2030.