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Would you like us to wrap your airport sir?
Friday, 22nd August 2008
Source : 4Hoteliers & sources
If you have always wanted to own an airport, now is the time; BAA, the owner of several airports in the UK might be forced to sell three of its London airports in 2009.

Competition Commission said BAA's monopoly is affecting airlines and passengers.

The 3 listed are: Heathrow, Gatwick and Stansted however Glasgow and Edinburgh are also mentioned for potential sale.

The Competition Commission's report which is due end of the year, states that BAAs monopoly is creating problems within the competitive set "with adverse consequences for passengers and airlines".

The commission was also critical of Government aviation policy, saying "aspects of Government policy restrict or distort competition by contributing to the current capacity constraints at BAA's London airports".

BAA chief executive, Colin Matthews was quoted in the Financial Times and said the watchdog's proposals were "flawed" and would create "uncertainty, delay and confusion at exactly the wrong time", coming just months ahead of a government decision on whether to build a third runway at Heathrow.

On the company's official website Colin Matthews stated: " The Competition Commission's findings should be assessed in the light of the urgent need for new airport capacity and a modern regulatory framework, as well as the need which we recognise for improved service from the airport operator. "

"The Commissions findings state that the lack of runway capacity is a main reason for what it calls the current poor standards of service and the lack of resilience at times of disruption, which results in regular delays."

BAA is owned by the Spanish Ferrovial group.
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