BAA ordered to sell three airports by the Competition Commission
The Competition Commission (CC) has published its final report on BAA’s ownership of seven UK airports. BAA will be required to sell three of its airports: Gatwick and Stansted, as well as either Edinburgh or Glasgow. The report follows a referral by the OFT in relation to their market investigation of 2007. The CC hopes that the sale of these airports will kick-start a much needed process of competitive rivalry and bring substantial benefits to passengers and airlines.
The report indicates that the three airports must be sold within two years and in accordance with a predetermined sequence: firstly Gatwick, then Stansted, followed by either Edinburgh or Glasgow, although the precise dates have not been published to avoid impeding the sale process. The sale of Gatwick, which was initiated by BAA in September 2008, is already under way. In addition to the three divestitures, the CC is also requiring BAA at Aberdeen to improve consultation with airlines, and to publish certain financial and other information.
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