BAA Told To Sell Airports
Wednesday, December 17th, 2008 by CaseyIn 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.
