Michael O’Leary’s shadow hangs over sale of Stansted
Commission on Thursday that will lead to the break-up of BAA’s airport monopoly.
Glasgow, Edinburgh and Aberdeen has been bad for passengers and airlines. It will
demand that Gatwick, Stansted and either Glasgow or Edinburgh are sold to restore
Stansted and the Scottish airports â€” but, in the case of Stansted, potential bidders have expressed concern about buying an airport where the leading
customer is Michael O’Leary, Ryanair’s notoriously antagonistic chief executive.
reflected in the price eventually."
Mr O’Leary is known among airport operators for demanding concessions and punishing
those that put up charges by grounding aircraft.
Airports Group; infrastructure funds, including that run by 3i, the private equity
group; Lysander Group, a consortium that includes Citigroup; and Hochtief, the
German infrastructure group. Mr O’Leary has jokingly suggested that Ryanair could
of its airports this year, but the operator may be given an extension in the difficult
and the commission may allow BAA to hold on to Stansted for two or three years.
it is likely to fetch about £350 million compared with up to £1 billion for Stansted.
BAA is widely expected to pick Glasgow to sell. "There will be many more players looking at Glasgow [rather than Edinburgh]
because it is more affordable," a likely bidder said.