Chinese airline group eyes bid for 10% of BAA

Spain's Ferrovial is studying offers for 10 per cent of its British airports subsidiary BAA, with China's air terminals owner HNA reportedly a leading suitor.

HNA is also the parent of Hainan Airlines. A Ferrovial spokesman said: "The sale process is open, and we're studying offers. We'll announce a decision once we've made one."

BAA's airports include Edinburgh, Glasgow and Aberdeen, as well as London Heathrow and Stansted.

Ferrovial wants to sell the stake to trim debt. Analysts have estimated the stake will cost about €200 million (172m), and the sale will happen in the next few months.