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BAA reports high pre-tax losses due to Gatwick sale British airport operator BAA also hit by falling passenger numbers and 'increased pension scheme deficit' Gatwick Airport, West Sussex, which BAA was forced to sell at a reduced rate. Photograph: Roger...
Tags: BAA Ltd., Gatwick Sale, Gatwick Airport, airport operations, operations baa, million pounds, passenger numbers, London Heathrow, Grupo Ferrovial SA
In March, the Competition Commission ruled that the company would have to sell the airport within two years. The Commission also ordered BAA to sell Stansted and either Glasgow or Edinburgh after it found competition problems at each of its seven UK airports.
Tags: BAA Ltd., London Gatwick, Gatwick Airport, Grupo Ferrovial SA, London Stansted, buy gatwick, Britain, sell london, billion pounds, Edinburgh
With the sale, the vendors have more than trebled their money in five years. In 2003, the Spanish Ferrovial Group, which has its headquarters in Madrid, bought the airport for £35m...A new terminal was opened in 2001 and, in 2006, the airport was named...
Tags: Belfast City Airport, Spanish Ferrovial Group, ABN Amro Global, Grupo Ferrovial SA, sold belfast