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Latest London Stansted Airport Stories

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...

2008-09-17 12:00:23

Spain's Ferrovial Group announced Wednesday it would put London's Gatwick Airport up for sale to comply with an anti-competition ruling. Britain's Competition Commission ruled the owners of Gatwick, Heathrow and Stansted airports should sell two of the three major transportation hubs, the Times of London reported Wednesday. Colin Matthews, chief executive officer of BAA, formerly the British Airports Authority, which runs the airports, said the company would appeal to keep the remaining...

2008-09-17 09:00:38

UK-based airport operator BAA has announced its plans to sell the Gatwick Airport, which is London's second largest airport, in order to meet the conditions set by the UK Competition Commission. Colin Matthews, CEO of BAA, said: "We have decided to begin the process of selling Gatwick Airport immediately. When the Competition Commission published its provisional findings, we said that we would be realistic in our response, though we disagree with the commission's report and the analysis on...

2008-09-17 09:00:38

By FAY WINTER AIRPORT owner BAA said today that it will fight to retain ownership of both Edinburgh and Glasgow Airport. The news came as the company announced it is to sell Gatwick Airport. BAA owns Scotland's three largest airports, in Edinburgh, Glasgow and Aberdeen, as well as Heathrow, Stansted and Gatwick in London. Today's announcement follows a report from the Competition Commission last month which identified "significant competition problems" because of BAA's dominant...

2008-09-16 03:00:19

By Anonymous The Competition Commission is expected to advise that airport owner BAA sell at least one of its airports in a report next week. The watchdog is to publish its recommendations on reforms and regulation for the industry as provisional findings next week after a 16-month probe. Earlier in the year, the commission indicated that it would advise selling off some of BAA's airports. It said breaking up BAA could bring better planned and more rapid growth of capacity (Planning, 25...


Word of the Day
omphalos
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.
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