Stansted Airport to be sold by BAA
Published: 20th Aug 2012 10:57:49
Airports operator BAA has decided to sell Stansted Airport, ending its long-running legal battle.
It has been fighting a 2009 Competition Commission ruling that it must sell Stansted because of the lack of competition between London airports.
BAA was told to sell off Stansted and Gatwick, but by then it had already started the process of finding a buyer for Gatwick.
It was also ordered to sell off either Glasgow or Edinburgh airports.
BAA said it had decided not to challenge the Stansted ruling in the Supreme Court, the last opportunity it had to appeal.
"We still believe that the Competition Commission ruling fails to recognise that Stansted and Heathrow serve different markets," it said.
Stansted is London's third busiest airport and the UK's fourth.
When the inquiry process was launched five years ago, BAA owned seven UK airports, carrying 60% of all UK air passengers.
It had a virtual monopoly over airports in the South East of England, where Heathrow, Gatwick, Stansted and Southampton carried 90% of air passengers in the area.
Its Scottish airports - Edinburgh, Glasgow and Aberdeen - accounted for 84% of airport passengers in Scotland.
BAA has recently completed the sale of Edinburgh airport.
At 06:39:13 in HeadlinesSunday's papers are full of discussions about jihadists - their actions; their appeal to a small, alienated sector of young Muslims, and the security threat to Britain they pose.
At 05:52:13 in EnglandE-cigarette liquid bought on Tyneside contained a potentially harmful chemical, a BBC investigation found.
At 05:17:46 in PoliticsThe Archbishop of York has urged the government to do more to offer asylum to Christians and others being persecuted by Islamic State terrorists.
At 04:54:36 in HeadlinesClashes are continuing in Pakistan between police and protesters demanding the resignation of PM Nawaz Shairf.
At 04:53:32 in HeadlinesA dictionary has finally been completed after more than a century of accumulating entries.
At 04:45:39 in HeadlinesHolyrood and Westminster are sharply at odds when it comes to whether an independent Scotland could keep using the pound sterling. If the monetary union between Scotland and the rest of the UK ended, what impact would it have on the rest of the UK?
At 04:13:45 in HeadlinesThe art of artificial eye-making is brought to radio and the stage in a new darkly comic play.
At 04:11:13 in HeadlinesIt is an iconic image, encapsulating the horror of the Troubles. Father Alec Reid kneels in a Belfast car park as he administers the last rites over the bloodied, near naked body of a British soldier.
At 03:33:48 in EntertainmentBritish bassist Glenn Cornick, a founding member of British rock band Jethro Tull, has died aged 67.
At 03:14:46 in HealthHealth leaders are calling for an emergency taskforce to be set up to tackle childhood obesity in England.
Harvard CitationBBC News, 2012. Stansted Airport to be sold by BAA [Online] (Updated 20th Aug 2012)
Available at: http://www.ukwirednews.com/news/1447081/Stansted-Airport-to-be-sold-by-BAA [Accessed 31st Aug 2014]
News In Other Categories
Council-run pest control services in Powys have been scrapped as part of cost-cutting measures to save the local authority £20m.
With the doors to its brand new £1million training centre officially open, one of the UK's leading apprentice training providers, Bristol based S&B Automotive Academy, is showcasing its world-class facilities by launching a series of foreign student exchanges for the first time in its 41-year history. To get a flavour of what life is like as an apprentice in the UK, the Academy hosted 16 apprentice engineers and bus drivers from the G9 Automotive College in Hamburg, Germany, as part of a Europe-wide vocational training initiative called the ‘Leonardo Programme’ with support from the European Social Fund. In a reciprocal arrangement, S&B will be sending nine apprentices to Germany during February 2012 so that they can get an appreciation of life in the automotive industry on the Continent. A further three German exchange groups are being planned for next year. Designed to assist the development of vocational skills and training across Europe, including work placements for trainees, the Leonardo Programme has a budget of €1.75bn, which is helping to encourage UK organisations to work with their counterparts abroad. In what is expected to be another challenging year for employers in the UK automotive sector, S&B’s Chief Executive, Jon Winter, claims that the exchange initiative will bring many benefits to the Academy and its apprentices: “In a world of global automotive brands, it’s important for our learners to understand the international context of the industry they have chosen to make their career. This new exchange programme will enable apprentices and Academy staff alike to achieve a better understanding of the challenges and opportunities within the automotive arena in Europe. With the Academy’s influence also extending to the USA and Asia, there’s every possibility that this initiative could move further afield in the future.” Continued Winter: “The need for skilled technicians across the world is on the increase and we actively encourage our apprentices to look at broader horizons during their training. Many of them have already learned the phrase ‘Vorsprung durch Gelehrtheit’, quite simply, ‘Advancement through learning.” In the 2010/11 academic year, S&B doubled the number of successful Apprenticeships over the previous year with some 350 apprentices graduating from the Academy. At the same time, achievement levels reached an all-time high with an overall success rate of 85%. For those learners on the Advanced Apprenticeship three-year programme, success rates were even higher, at over 98%. PHOTO CAPTION: As part of their exchange visit, S&B Automotive Academy arranged for the German apprentices to visit Hampshire bus operator, Bluestar, at its Barton Park depot. The students are pictured with S&B’s Andy West (3rd right) and Steve Prewett, Bluestar’s Area Engineering Manager (2nd right). Ends http://www.sandbaa.com
A solicitor who represented one of the RUC families at the Smithwick Tribunal is concerned other potential cases of collusion may have occurred recently.
Members of the troubled Co-operative Group are due to meet for a final vote on reforming how the business is run.
The Archbishop of York has urged the government to do more to offer asylum to Christians and others being persecuted by Islamic State terrorists.
British bassist Glenn Cornick, a founding member of British rock band Jethro Tull, has died aged 67.