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BAA Forced To Divest Airports

by Amanda Banks, Tax-News.com, London

18 October 2010


The UK Court of Appeal has ruled against airport owner BAA in a decision that will force majority shareholder, Spanish company Ferrovial, to sell its holdings in two UK airports by 2012.

The Court confirmed that BAA holds a monopoly over the UK airport market, and consequently will have to sell its bases at Stanstead, northeast of London, and one of its Scottish airports, either Glasgow or Edinburgh. The ruling comes after BAA successfully argued that the Competition Commission’s earlier ruling was influenced by bias. In what is seen by many as a tactic to buy extra time, BAA is to seek to appeal to the Supreme Court.

BAA sold Gatwick in October 2009 as a result of the proceedings but remains in control of Heathrow, the world’s busiest international airport. BAA also owns airports in Aberdeen and in Southampton.

TAGS: aviation | regulation

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