BAA to relax its stance on Stansted
the long-running investigation by the competition watchdog into the UK airports
group reaches a climax.
to call for BAA to be broken up, with the sale of three of its seven UK airports:
Gatwick, Stansted and either Edinburgh or Glasgow.
sale of Gatwick, the second-largest UK airport. The process is well advanced
and BAA has called for final, binding offers for Gatwick from a short-list of
three rival consortia by March 30, with the aim of completing the sale by late
in January that they could be headed for a courtroom showdown with competition
investigators over the calls for the additional sale of Stansted and Edinburgh
airports, after claiming the Commission’s plans would breach human rights law
and European laws against property seizure.
more controversy than is necessary with UK authorities, particularly as it has
recently won government backing for its plan to build a third runway at Heathrow
airport, by far its most important UK asset.
sale, even though the watchdog has no formal jurisdiction over the disposal, and
the group is keen to examine the final details of the Commission’s report before
starting a potentially damaging appeal.
Stansted, as well as over its own freedom to choose which of Edinburgh or Glasgow
airports it should sell.
a second runway at Stansted, and there is concern this process could be jeopardised
by the demand for the airport to be sold, as the new owner will have to reconsider
the capital spending plans.
seek views on the timing of the sale of Stansted given the forthcoming inquiry.
needed until 2017 rather than 2015.
is being hit hard by the recession and in particular by the reduction of capacity during the winter months by its
biggest customer, Ireland’s Ryanair .
the timing of BAA’s plans. The number of passengers in January fell by 11.2%
year-on-year to 1.29m, representing a 19% decline in two years from 1.6m in January