Partner Article
BAA lose appeal against sale of Stansted airport
BAA has lost its most recent appeal against the Competition Commission’s ruling that it must sell off Stansted Airport.
This is the latest in a line of challenges the airport operator has made against the Court of Appeal judgement that was first made in 2009.
At that ruling that Spanish-owned company was told that it had to sell Gatwick, Stansted and either Glasgow or Stansted airports.
BAA has already sold Gatwick and recently agreed to sell Edinburgh Airport, but has contested the decision on Stansted on numerous occasions.
Commenting on the decision, the chairman of the commission’s BAA Remedies Implementation Group Laura Carstensen said: “It remains the right decision in the interests of passengers and airlines and it is surely now time for BAA to accept the verdict and proceed with the sale.”
However, BAA are unhappy at being forced to sell airports at such a difficult economic time.
This was posted in Bdaily's Members' News section by Ruth Mitchell .
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning National email for free.
The value of using data like a Premier League club
Raising the bar to boost North East growth
Navigating the messy middle of business growth
We must make it easier to hire young people
Why community-based care is key to NHS' future
Culture, confidence and creativity in the North East
Putting in the groundwork to boost skills
£100,000 milestone drives forward STEM work
Restoring confidence for the economic road ahead
Ready to scale? Buy-and-build offers opportunity
When will our regional economy grow?
Creating a thriving North East construction sector