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BAA loses appeal over Stansted sale
Airports operator BAA lost its appeal at a tribunal today against a ruling that it must sell Stansted airport, the Competition Commission said.
The defeat marks the latest stage in legal wranglings which have been rumbling on since 2009 when BAA was ordered by the Commission to sell a number of its airports.
The Commission’s original ruling found there were problems which adversely affected passengers and airlines at all seven BAA airports, which at the time included Gatwick.
But BAA claimed there had been material changes since the Commission first made its decision - including its sale of Gatwick for £1.5 billion to Global Infrastructure Partners.
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Weather for Edinburgh
Friday 25 May 2012
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Temperature: 9 C to 20 C
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mahatmacoat
Wednesday, February 1, 2012 at 11:46 AMGiven the amount of NIMBY-ism around Stansted, ownership could be akin to buying a poison chalice.
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