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It is the latest indication of the impact of US President Donald Trump's tariffs on big American firms.
More than 150 flights were cancelled and thousands more grounded on Wednesday.
The agreement comes just a day before a 1 August deadline for countries to strike deals with the US.
Arora Group says a shorter runway will avoid the cost and disruption of diverting the M25 motorway.
The final public farewell for Ozzy Osbourne and air traffic chaos across the UK dominate Thursday's papers.
As Canada joins France and the UK with plans to recognise a Palestinian state, the US stands firmly with Israel - but does Trump have a long-term plan for Gaza's future?
The US is seeing increased tariffs income, but there are signs of some countries diverting trade from America.
A Chinese-led research team captures pictures of life at depths of more than 9km in the northwest Pacific Ocean.
Screen time has become synonymous with bad news - but the science may not be as straightforward as it seems
The woman, aged about 50, was buried in a Siberian ice cave and discovered millenia later.