Airport ownership fight continues

EDINBURGH or GLASGOW plus STANSTED airports can remain in the hands of BAA Ltd according to the Competition Appeal Tribunal (CAT).  The Competition Commission ruled in March last year that BAA, a subsidiary of Spain's Ferrovial infrastructure group, should sell Gatwick, Stansted and either Edinburgh or Glasgow airports to meet competition concerns.  BAA sold Gatwick pre-empting this result.  BAA appealed to the CAT against the decision regarding the sale of the other airports and won.  This clearly upset the Commission which has had other reversals, questioning its effectiveness.  Another appeal is being made by the Commission but in the meantime BAA continues as a six-airport operation.  If the sale of all, or any, of the airports goes ahead it could now take a further two years. www.catribunal.org.uk  www.competition-commission.org.uk  www.baa.com

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