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Latest Ferrovial Group Stories

2012-05-23 02:20:54

MONTREAL, May 23, 2012 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce that 407 East Development Group General Partnership ("the Partnership"), a new 50/50 joint venture between SNC-Lavalin and Cintra Infraestructuras' respective subsidiaries, has been awarded a contract by the Province of Ontario to design, build, finance, and maintain Phase 1 of the new Highway 407 East. The project will be delivered using Ontario's alternative financing and procurement (AFP) delivery...

2008-09-29 09:00:36

By Andrew Picken IF the mantra of a certain fading Australian soap opera is to be believed, everybody needs good neighbours. Try telling that to Edinburgh Airport and the Royal Highland Agricultural Society of Scotland, though. The two sides have been at loggerheads for years - an Edinburgh institution, worth more than GBP 100 million a year to the Lothians economy, against a rapidly expanding transport link worth treble that to Scotland. They are both land-hungry enterprises, but...

2008-09-19 12:00:24

By JEZ DAVISON THE owner of Durham Tees Valley Airport is considering a joint bid for Gatwick Airport, which was put up for sale by BAA yesterday. Peel Airports Group has been invited to form a consortium to bid for the pounds 1.8bn-valued London gateway, which became available following the Competition Commission's plans to break BAA's monopoly of the UK aviation market. Last month the regulator said BAA may have to sell three of its seven UK airports because of market dominance...

2008-09-18 15:00:25

By GORDON THOMSON GATWICK Airport was today put up for sale, leaving major question marks over the ownership of Glasgow Airport. Under-fire airports operator BAA has announced plans to sell Gatwick "immediately" - just weeks after the Competition Commission claimed the company faced "significant competition problems" because it also owns London's Heathrow and Stansted. CC chiefs recommended that two of the airports should be sold and today BAA chief executive Colin Matthews announced...

2008-09-18 12:00:26

By GERRY BRAIDEN BAA, the much-criticised operator of Aberdeen, Edinburgh and Glasgow Airports, has insisted it is determined to hold on to all three, despite putting Gatwick up for sale. After being told last month by the Competition Commission that it may have to sell three of its seven UK airports, including one in Scotland, there was widespread speculation that Glasgow would be put on the market, with the owners of Manchester said to be ready with a GBP700m bid. Yesterday, despite...

2008-09-18 09:00:30

AIRPORT operator BAA has put the For Sale sign up over Gatwick airport in a move likely to spark a lively bidding war. Almost as soon as the Spanish-owned company announced it was selling the West Sussex airport, Sir Richard Branson's airline Virgin Atlantic said it relished the chance to run it. Manchester Airport Group, which operates four UK airports also said it was keen to take over Gatwick, while German company Hochtief is among a number of overseas businesses interested. The BAA...

2008-09-18 06:00:32

By Erikka Askeland Business Correspondent AIRPORT operator BAA yesterday admitted customer service needed to improve at its Scottish airports after the group hoisted the "for sale" sign over London Gatwick. BAA intends to fight a call to sell off any further airports after the Competition Commission last month provisionally ruled the group must sell three of its seven locations, including two in London and either Edinburgh or Glasgow. Colin Matthews, chief executive of BAA, said...

2008-09-18 06:00:32

The British airports operator BAA said Wednesday that it was putting Gatwick Airport in London up for sale, but it would resist regulatory pressure to sell its other airports in Britain. "We have decided to begin the process of selling Gatwick Airport immediately," Colin Matthews, chief executive of BAA, which is owned by the Spanish construction giant Ferrovial, told reporters in Toronto. Some in the industry have said Gatwick, one of the busiest airports in Europe, serving 35 million...

2008-09-18 00:00:22

Business News IN BRIEF *Britain's second-largest airport, Gatwick, was put up for sale yesterday as its owner, BAA, sought to present itself as "realistic" and "pragmatic" in the face of calls for it to be broken up. The Competition Commission wants BAA to sell two of its three London hubs - Heathrow, Stansted or Gatwick - and either Edinburgh or Glasgow airports. Colin Matthews, BAA's chief executive, said that selling Gatwick did not affect the nature or the substance of its talks with...

2008-09-18 00:00:21

The owners of East Midlands Airport may be poised to put in a bid for Gatwick Airport after it was put up for sale. BAA, which owns Gatwick, announced that it had put it up for sale this morning. Spanish-owned BAA said it was beginning the sale process for the West Sussex airport "immediately" and that customers, staff and business would benefit. The move follows a damning report last month from the Competition Commission which spoke of poor levels of service for airlines and...