22 OCTOBER 2012
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BAA Ltd has dropped its old title, which was created in 1965 as the British Airports Authority, and becomes Heathrow Airport Holdings Ltd, a company majority-owned by Ferrovial of Spain.
Colin Matthews, Group Chief Executive, summed it up: “The BAA name no longer fits”. Heathrow Airport Holdings will soon become just Heathrow, Glasgow, Aberdeen and Southampton airports, still easily the UK’s largest airport group. What the rebranding will cost has not been stated but the original yellow style of its signage became synonymous all over the world with airports, not just BAA. Mr Matthews says that Heathrow represents more than 95% of the business. Headquarters of the newly named group is The Compass Centre, which overlooks Heathrow’s northern runway.
What remains unanswered is whether the owners might in time sell off the three smaller airports and just stick with Heathrow? www.heathrowairport.com
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