4 JUNE 2012

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Article from BTNews 4 JUNE 2012

Stansted Airport sale halted

The seemingly never ending story of Stansted Airport and its ownership continues with current owner BAA Ltd having been given permission last week to petition against a competition ruling that forces it to sell off Stansted Airport.  BAA said it “look[s] forward to presenting our arguments before the Court of Appeal” after it was allowed to fight against the Competition Appeal Tribunal’s February ruling.

In the meantime the airport continues to lose business (see issue 12 May) and finds itself in the position that the vast majority of its scheduled passenger traffic is controlled by one airline, Ryanair.  With its future shrouded in uncertainty the airport management clearly finds itself in a difficult position, and potential airline clients less than anxious to develop or even expand existing services.

BAA, owned by Spanish infrastructure firm Ferrovial, last month sold Edinburgh Airport to Gatwick owner GIP for £807m. www.baa.com

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