BAA has confirmed it will re-brand itself with Heathrow, Glasgow, Aberdeen Southampton and Stansted Airports all set to operate solely under their own stand-alone brand names. Heathrow chief executive Colin Matthews said: “We are a different company today from when BAA was formed.”
Airports operator BAA has agreed to sell Stansted Airport, following a three year legal battle with the Competition Commission. The operator was ordered to sell the airport in 2009 because it had too much of a monopoly in London.
The subsidiary of Qatari sovereign wealth fund, the Qatar Investment Authority is taking a 20% stake in Heathrow operator BAA in a £900 million deal which will further diversify its interests in infrastructure.
The Competition Commission has welcomed a decision from the Court of Appeal to uphold requirements for BAA to sell Stansted Airport. Laura Carstensen, chairman of the BAA Remedies Implementation Group and a member of the original Inquiry Group, said: “We are pleased that our decision on Stansted Airport has once again been upheld.”
Colin Matthews, chief executive of BAA, has said the UK airports operator is prepared for the influx of guests during the London 2012 Olympic Games. Releasing financial results earlier, Matthews said: “London 2012 is Britain’s biggest peacetime transport challenge and we are spending more than £20 million to ensure Heathrow is ready for its busiest ever period.”
A total of 9.1 million passengers passed through the five airports UK airports operated by BAA in June 2012, up 0.7 per cent on June 2011. This included an increase of 1.6 per cent at Heathrow to more than 6.2 million passengers, a record for the month.
Heathrow has opened its temporary terminal to cope with the surge in passengers anticipated after the closing ceremony for the Olympics. The structure, which will have 31 check in desks and seven security lanes, is expected to handle more than 10,000 athletes and 37,000 bags.
Airport operator BAA has been given a final chance to appeal against the forced sale of London Stansted Airport. The Competition Commission has fought a three year long battle with the operator in an attempt to force the sale in order to increase efficiency in the UK aviation sector.
BAA has confirmed it will sell Edinburgh Airport to Global Infrastructure Partnership for £807 million. GIP already operates London Gatwick and London City airports.
BAA has revealed that it saw a rise of 4.0% in passenger numbers in March 2012 compared to the previous year, as 8.6m passengers travelled through BAA’s airports. The airport operator has attributed this increase to the fact that Easter arrived early this year.
Airport operator BAA is threatening legal action if the Government continues to rule out a third runway at Heathrow, according to reports.
BAA has lost its latest appeal against a Competition Commission decision forcing it to sell Stansted Airport. The ruling is the latest in a long-running dispute over the supply of airport capacity in the south of England, with BAA already forced to sell Gatwick Airport.