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15 OCTOBER 2012

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Article from BTNews 15 OCTOBER 2012

Ryanair ditched by Stansted

Ferrovial, the owner of Stansted Airport, has told Ryanair that it is not wanted as part of any consortium involved in the purchase of the airport.  With the Irish airline controlling the majority of passenger traffic, and requiring an obvious ‘due diligence’ requirement, its role as an investor could easily be considered as predatory.

Ryanair has tried to turn the position around with spokesman Stephen McNamara putting the blame entirely on others.

“We regret Ferrovial’s decision to exclude Ryanair from the Stansted sale process and the failure of the Competition Commission to restrain this anti-competitive and anti-customer behaviour by Ferrovial.

While we fully accept that Ferrovial is entirely free not to sell to Ryanair, we fail to understand how it can comply with competition law if Stansted’s biggest customer, accounting for 70% of the traffic, is excluded from this sale process.
 
This year’s continuing traffic decline underlines the extraordinary damage done to Stansted airlines and passengers by the Ferrovial/BAA airport monopoly and we look forward to discussing cost reductions and traffic growth with the new owners of Stansted when it is finally sold”. www.ryanair.com  www.baa.com

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