Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

BAA May be required to sell two UK airports

Source: El Pais - Fri 1st Apr 2011

British Airports Ltd (BAA), which is itself a subsiduary of Spain's Ferrovial, may have to sell Stansted airport and either Glasgow or Edinburgh airport after the UK anti-trust authority upheld it's previous decision in requiring them to do so.

Earlier this week the Competition Commission (CC) ruled that there had been no "material change in circumstances" since their recommendation in 2009 that they sell the airports. BAA sold Gatwick airport in October in anticipation of a negative ruling by the CC.

The Commission's earlier decision was appealed by BAA, but the court upheld the original ruling. In February of this year, the Supreme Court refused BAA permission to appeal further.

BAA issued a brief statement to the press in which they continued to insist the circumstances surrounding the CC's rulings in 2009 had changed, adding it would "carefully consider" the CC's decision.

BAA had cited the UK government's policy of ruling out new runway capacity in southeast England as cause for reconsideration.

The Competition Commission invited responses before publishing its final verdict in May or June.

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs