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Archive - Monday, 20 August 2012
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Essex: BAA to sell Stansted Airport
Stansted Airport is to be sold.
Owner BAA announced today it will not be proceeding with a further appeal against a 2009 Competition Commission ruling to sell the terminal.
Earlier this month, it had said it planned to go to the Supreme Court, after the commission won a Court of Appeal hearing.
A spokesman said: “Having carefully considered the Court of Appeal’s recent ruling, BAA has decided not to appeal to the Supreme Court and is now proceeding with the sale of Stansted Airport.
“We still believe that the Competition Commission ruling fails to recognise that Stansted and Heathrow serve different markets."