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Third runway at Heathrow sinks from view as Labour changes course

Third runway at Heathrow sinks from view as Labour changes course

2 November 2011 Airline News

Environmental concerns have seen the Labour party move a third runway “off the agenda” shadow transport secretary Maria Eagle has confirmed. In power the party had supported the expansion of the airport – which is already the busiest international hub in the world – but announced a policy u-turn earlier.

BAA cuts losses as passenger numbers increase

BAA cuts losses as passenger numbers increase

26 October 2011 Airline News

An increase in passenger numbers at UK airports has seen operator BAA cut losses over the first three quarters of financial 2011. BAA reported a pre-tax loss of £147 million for the period, compared to a loss of £193 million 2010.

BAA to sell Edinburgh Airport

BAA to sell Edinburgh Airport

19 October 2011 Airline News

Operator BAA has revealed plans to sell Edinburgh Airport after it was told by the Competition Commission (CC) to sell either Edinburgh or Glasgow airport.

Ferrovial shares receive boost following BAA sale

Ferrovial shares receive boost following BAA sale

11 October 2011 Airline News

BAA owner Ferrovial has reached an agreement with two investment vehicles managed by Alinda Capital Partners for the sale of a 5.88 per cent stake in the airport operator. The stake is presently controlled by Ferrovial-owned BAA parent company FGP Topco and will change hands for £280 million.

Competition Commission forces BAA to speed up Scottish sales

Competition Commission forces BAA to speed up Scottish sales

10 October 2011 Airline News

Officials at the United Kingdom Competition Commission have confirmed BAA will be forced to bring forward the sale of either Edinburgh or Glasgow Airport. The CC confirmed in July its original decision of March 2009 that Stansted Airport and one of either Glasgow and Edinburgh airports should be sold, rejecting the contention there had been a material change of circumstance since that time.

BAA still prepared to fight as it begins Stansted sell-off

BAA still prepared to fight as it begins Stansted sell-off

5 September 2011 Airline News

BAA has begun to take preliminary soundings from potential buys for London Stansted Airport as a Competition Commission deadline for the sale of the property nears. However, the airport operator is still considering launching a bid for a judicial review of the decision, which will also see BAA forced to divest either Glasgow or Edinburgh Airport in Scotland.

Heathrow busier than ever in July

Heathrow busier than ever in July

11 August 2011 Airline News

BAA is celebrating its latest passenger figures, with Heathrow handling a record 6.9 million passengers in July and Sunday July 31st remembered as the busiest day on record at the airport. But, with transit through the airport fraught at the best of times, spare a thought for those millions stuck in queues at departures gates.

Ryanair out on a limb over BAA charges

Ryanair out on a limb over BAA charges

28 July 2011 Airline News

Ryanair has launched legal action against BAA in an attempt to recover up to £175 million in fees it believes it incurred at Stansted Airport due to the “monopolistic” position of the airport operator. Also in the UK today, the Competition Commission has confirmed the final ruling on the merger of Thomas Cook, Co-operative Group and Midlands Co-operative Society has been delayed.

Losses narrow at BAA as traffic increases

Losses narrow at BAA as traffic increases

27 July 2011 Airline News

Losses at airport operator BAA narrowed over the first six months of financial 2011 as passenger numbers increased. BAA – which owns London Heathrow Airport – lost £249 million in the six months to June 30th, some 11 per cent less than the £280 million lost during the same period of 2010.

BAA forced to sell Stansted Airport

BAA forced to sell Stansted Airport

19 July 2011 Airline News

The Competition Commission has confirmed BAA will be forced to sell Stansted Airport and either Edinburgh or Glasgow Airport, with the sales process expected to start in three months.