BAA took another blow with the UK’s competition authority forcing them to add Stansted to their divestiture plans. This marks another blow for the Spanish owners Ferrovial. "Having provisionally identified competition problems at each of BAA's seven airports, we are proposing remedies which address them directly and comprehensively through a combination of divestment and other measures to improve investment and levels of service,” Christopher Clarke, Chairman Competition Commission’s BAA Airports Inquiry, 17-Dec-08.
One unhappy camper with this is Flybe who wanted to see the divestiture of Southampton so they could potentially acquire the facility and build it up servicing markets south of London.
This is going to be an interesting story worth watching.
Cheers
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