Thursday, 31 March 2011
Stansted Must Go!!!!!
BAA have been told they must still sell Stansted airport along with either Glasgow or Edinburgh airport as the competition commission stood by its ruling to force BAA to sell another 2 airports. BAA was forced to sell Gatwick airport in 2009 after the commission ruled they had too much of a monopoly over the UK airports.
Further sales were challenged by BAA but they have failed and now must prepare to sell another 2 airports. Analysts say it might not be the worst scenario for BAA as it will ease their £12bn debt, however the airport owner is still reluctant to sell.
The commission says the break-up of ownership can only help airlines and passengers with greater competition around and price wars between the airports.
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Stansted airport news
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