Retail news
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BAA to sell Gatwick Airport
- Posted:
- 17 September 2008 09:31
Airport operator BAA has today announced that it is to sell off Gatwick Airport immediately. Colin Matthews, BAA's chief executive, said: "Gatwick has long been an important and valuable part of BAA and the decision to sell was not taken lightly. We believe that the airport's customers, staff and business ...read more
Virgin in talks to acquire Gatwick
- Posted:
- 04 September 2008 09:01
Virgin Atlantic has held talks with financial partners over a possible bid to acquire Gatwick Airport. Speaking to Reuters, Paul Charles, communications director for Virgin Atlantic, said: "We would be interested in possibly buying Gatwick, but only as part of a consortium". He added: "We would not do it alone". ...read more
BAA to sell two London airports says commission
- Posted:
- 20 August 2008 10:07
The Competition Commission has said that airports operator BAA should cut its portfolio of UK airports from seven to four – including the sale of two of its three London airports. Explaining how the commission had reached this conclusion, inquiry chairman Christopher Clarke said: "There are significant competition problems arising ...read more
Competition Commission to order BAA break-up?
- Posted:
- 19 August 2008 09:25
BAA could be forced to sell Gatwick airport if, as expected, the Competition Commission orders the break-up of the airport operator. Speaking to the BBC, chairman Sir Nigel Rudd said that he expected the commission to order divestments but added that the break-up would not be a "disaster" for the ...read more
BAA to sue Ryanair
- Posted:
- 07 August 2008 09:27
BAA is taking legal action against Ryanair for failing to pay increased landing fees at BAA's Stansted airport. Ryanair has said that it will not accept an increase in landing charges at the airport, although it has continued to pay landing fees to BAA at the previous rate and placed ...read more
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