Menu
20/08/2012
BAA To Sell Stansted Airport
Following a long-running legal battle, airports operator BAA has announced it will sell Stansted Airport.
BAA has been fighting a 2009 Competition Commission ruling that it must sell Stansted because of the lack of competition between London airports.
They had been told to sell off Stansted and Gatwick, but at the time of the ruling it had already started the process of finding a buyer for Gatwick.
It was also ordered to sell off either Glasgow or Edinburgh airports.
BAA said it had decided not to challenge the Stansted ruling in the Supreme Court, the last opportunity it had to appeal.
"We still believe that the Competition Commission ruling fails to recognise that Stansted and Heathrow serve different markets," it said.
When the inquiry process was launched five years ago, BAA owned seven UK airports, carrying 60% of all UK air passengers.
(H)
BAA has been fighting a 2009 Competition Commission ruling that it must sell Stansted because of the lack of competition between London airports.
They had been told to sell off Stansted and Gatwick, but at the time of the ruling it had already started the process of finding a buyer for Gatwick.
It was also ordered to sell off either Glasgow or Edinburgh airports.
BAA said it had decided not to challenge the Stansted ruling in the Supreme Court, the last opportunity it had to appeal.
"We still believe that the Competition Commission ruling fails to recognise that Stansted and Heathrow serve different markets," it said.
When the inquiry process was launched five years ago, BAA owned seven UK airports, carrying 60% of all UK air passengers.
(H)
Related UK National News Stories
Click here for the latest headlines.
19 March 2009
CC Orders BAA To Sell Two Airports
The Competition Commission (CC) has ordered BAA to sell both Gatwick and Stansted as well as either Edinburgh or Glasgow. In its final report on BAA's ownership of seven UK airports, the CC also stipulates that BAA must sell all three airports within two years.
CC Orders BAA To Sell Two Airports
The Competition Commission (CC) has ordered BAA to sell both Gatwick and Stansted as well as either Edinburgh or Glasgow. In its final report on BAA's ownership of seven UK airports, the CC also stipulates that BAA must sell all three airports within two years.
15 October 2012
BAA Drops Name To Use Individual Airport Branding
Airport operator BAA has announced that it will change the name under which it operates its UK airports, opting instead to use the individual airport names. The company currently runs Heathrow, Glasgow, Aberdeen, Southampton and Stansted, which it now says will operate solely under their own stand-alone brands.
BAA Drops Name To Use Individual Airport Branding
Airport operator BAA has announced that it will change the name under which it operates its UK airports, opting instead to use the individual airport names. The company currently runs Heathrow, Glasgow, Aberdeen, Southampton and Stansted, which it now says will operate solely under their own stand-alone brands.
30 May 2007
Public inquiry into Stansted expansion launched
A public inquiry has been launched into proposals to expand the capacity of Stansted Airport. Airport operator BAA wants to increase passenger numbers at the Essex airport from 25 to 35 million each year, as well as the number of air traffic movements permitted from the airport from 241,000 to 264,000 a year.
Public inquiry into Stansted expansion launched
A public inquiry has been launched into proposals to expand the capacity of Stansted Airport. Airport operator BAA wants to increase passenger numbers at the Essex airport from 25 to 35 million each year, as well as the number of air traffic movements permitted from the airport from 241,000 to 264,000 a year.
30 March 2011
BAA To Press Ahead With Airport Sales
BAA should still be required to sell Stansted Airport and Edinburgh or Glasgow Airport, the Competition Commission (CC) has provisionally concluded today.
BAA To Press Ahead With Airport Sales
BAA should still be required to sell Stansted Airport and Edinburgh or Glasgow Airport, the Competition Commission (CC) has provisionally concluded today.
17 September 2008
BAA Announces Plans To Sell Gatwick "Immediately"
Airport operator BAA has announced plans to sell the UK's second-largest airport, Gatwick "immediately". BAA's Chief Executive Colin Matthews, in a statement, said: "Gatwick has long been an important and valuable part of BAA and the decision to sell was not taken lightly.
BAA Announces Plans To Sell Gatwick "Immediately"
Airport operator BAA has announced plans to sell the UK's second-largest airport, Gatwick "immediately". BAA's Chief Executive Colin Matthews, in a statement, said: "Gatwick has long been an important and valuable part of BAA and the decision to sell was not taken lightly.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
