Posts Tagged ‘BAA’

Today is the final day for companies interested in purchasing Gatwick Airport to throw their hats in the ring.

BAA is expected to receive three serious offers, which are rumoured to be for less than the £2 billion estimates suggested last year.  The interested parties are understood to be groups including General Electric, Manchester Airport and Vancouver Airport.

The Competition Commission ordered BAA to sell off Gatwick, Stansted and one of their Scottish airports last year, after an inquiry found that travellers were suffering due to a lack of competition between airports.  BAA has until the 19th of May to appeal against the Commission’s decision.

In a provisional decision announced today, the Competition Commission has advised BAA to sell Gatwick, Stansted and Edinburgh Airports.

BAA, who put Gatwick up for sale after the Commission’s initial report in August, have stated they believe there is no compelling evidence that Stansted should be sold.  They’ve also added that there was no justification for specifying which airport in Scotland should be sold.

There are several international firms who are said to be interested in purchasing Gatwick, and Virgin Atlantic has said it is preparing a bid as part of a consortium.

The Competition Commission is considering responses to today’s provisional decision, and will publish their final report in late February or early March.