Airports operator BAA loses appeal over Stansted
Wednesday 01 February 2012
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.
A BAA spokeswoman said: "We are disappointed by the decision of the Competition Appeal Tribunal, which we will now carefully consider before making any further statements."
When the Commission's investigation started in 2007, it was feared that BAA's strong presence in the South East could slow any future development of runways.
BAA said the Government's decision not to build any more runways in the South East for the foreseeable future should have a bearing on the original decision.
The airport operator currently has Edinburgh Airport on the market, which it hopes to have sold by the summer.
Stansted saw 18.3 million passengers pass through its doors in 2011, making it the fourth busiest airport in the UK. Passengers can fly to 31 countries from the airport, which sees 550 aircraft movements per day.
The airport has 10,200 employees, of which 1,420 are BAA Stansted staff.
Laura Carstensen, chairman of the BAA remedies implementation group and a member of the original inquiry group which reported in 2009, said: "We are very pleased that our decision has been upheld.
"Whilst BAA is of course entitled to explore the available avenues for challenge, it is now surely time for BAA to accept our findings and proceed with the necessary divestments.
"BAA is in the process of selling Edinburgh airport following our ruling. We will now press ahead to ensure that this is followed promptly by the sale of Stansted airport, to the benefit of passengers and airlines."
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
£65000 - £80000 per annum: Recruitment Genius: Finance Director required to jo...
£15000 - £25000 per annum: Recruitment Genius: This is a unique opportunity fo...
£50000 per annum + 26 days holiday,pension: Ashdown Group: A highly successful...
£27000 per annum + pension + holidays: The Jenrick Group: A Quality Technician...