21 December 2009

Stansted Sale Halted On Technicality

In March the UK Competition Authority ruled that the UK major airports authority should divest itself of two of its three London Area airports.

As a result Gatwick has been sold and Stansted has become the battle ground for BAA vs the authorities.

The technicality is that one of the members of the investigation team was also an advisor to a group of pension funds who owned a chunk of Manchester Airport one of the bidders in the Gatwick sale. As a result of this "bias" the divestiture process has been halted.

For a full report on the Tribunal's assessment and ruling click this link.

Clearly this has disappointed at least one of Stansted's tenants. Its largest is Ryanair whose CEO was quick to blast the decision.

So this is another story that will play and play


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