BAA told to sell Stansted as watchdog stands by call
Thursday 31 March 2011
BAA should press ahead with the sale of London's Stansted airport, the Competition Commission said yesterday, provisionally concluding that there had been no change in circumstances since it first called for the disposal two years ago.
The watchdog said that, following on from the sale of Gatwick to Global Infrastructure Partners-led consortium in late 2009, the airport operator should make further divestments in the interest of competition. The Commission also reiterated its original timeline, which calls for Stansted's sale to be followed up by a sale of either one of BAA-owned Edinburgh or Glasgow airports.
"We remain convinced that the original decision to require BAA to divest three airports is the right one for passengers and airlines. We have re-examined that decision in light of a significant subsequent development when the Government decided to rule out further runway's London's airports," the Commission's chairman, Peter Freeman, said. "Having examined the case closely, we are clear that many benefits will still arise without that expansion, by increasing competition and addressing detrimental effects from BAA's common ownership."
The final decision is due in May or June. The initial report was subject by a challenge by BAA, which won a favourable ruling from the Competition Appeal Tribunal in 2009. The judgment was contested by the commission, whose case received a boost after the Court of Appeal ruled in its favour in October last year. Earlier this year, the Supreme Court refused BAA permission to appeal any further.
The airport operator, which also runs Heathrow, yesterday said it believed that "there had been a material change in circumstances" since the first report. The provisional conclusion was welcomed by Ryanair, with the budget airline calling for an "accelerated break-up" of what it termed the "BAA monopoly". "The sooner these airports are sold, the sooner competition will be allowed to improve airport facilities and lower airport charges at the BAA monopoly airports," the airline's spokesman, Stephen McNamara, said.
- 1 Russell Brand accuses FOX News anchor Sean Hannity of terrorism after aggressive Israel-Gaza debate
- 2 Pope Francis issues top 10 tips for happiness – including don’t try to convert other people
- 3 Arturo Vidal to Manchester United: Midfielder set to force through move to Louis van Gaal's Red Devils - reports
- 4 Disney heiress Abigail disowns her share of family profits in West Bank company
- 5 Israel's propaganda machine is finally starting to misfire
Russell Brand accuses FOX News anchor Sean Hannity of terrorism after aggressive Israel-Gaza debate
Pope Francis issues top 10 tips for happiness – including don’t try to convert other people
Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
Justin Bieber posts Instagram photo of Orlando Bloom crying after Ibiza fight 'over Miranda Kerr'
Disney heiress Abigail disowns her share of family profits in West Bank company
The secret report that helps Israel hide facts
Land for gas: Merkel and Putin discussed secret deal could end Ukraine crisis
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Boozy, ignorant, intolerant, but very polite – Britain as others see us
- < Previous
- Next >
iJobs Money & Business
£20000 - £24000 per annum: Harrington Starr: A leading provider of web based m...
£28000 - £32000 per annum: Ashdown Group: Secretary (Sales Team Support) - Mat...
Competitive (DOE): Guru Careers: We are looking for an Assistant Management Ac...
£600 - £700 per day + competitive: Orgtel: Senior Investment Accounting Change...