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)


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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.
30 March 2011
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17 September 2008
BAA Announces Plans To Sell Gatwick "Immediately"
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