UK's BAA forced to sell three airports
Saturday, March 21, 2009
BAA, mostly owned by Spain's , described the ruling as 'flawed'. Despite challenging a preliminary ruling last year, BAA had also already begun the process to seek a buyer for Gatwick in 2008. Ferrovial, who will still have a London airport with , has two months to appeal if they wish.
The two year deadline is an extension of the deadline given by the Commission in its previous ruling. Ferrovial, who bought BAA and their seven UK airports in 2006 for14 billion, complained that the ruling was impractical given the current recession.
Gatwick and Stansted must be sold to different buyers to ensure adequate competition between both airports and Heathrow. The decision has been praised by airlines including Ryanair and .
- "Airport operator grounded" — , March 20, 2009
- Vidya Ram. "BAA Forced To Sell Three Airports" — , March 19, 2009