After that latest loss, BAA
said it would appeal to the Supreme Court but on Monday, the Spanish-owned company signalled an end to its fight to hang on to Stansted.
said the Government's decision not to build any more runways in the South East for the foreseeable future should have a bearing on the original decision.
While the legal battle was going on, BAA
sold Gatwick to US-based investment fund Global Infrastructure Partners for about pounds 1.
A strike by BAA
could have practically paralysed UK air travel, particularly in Scotland, due to BAA
, owned by Spanish group Ferrovial, had angered union members by withdrawing a 450 pound payment conditional on BAA
's hitting earnings targets -- which it missed by 3%.
Askar said in his letter that the BAA
"is shocked and saddened by the unfounded and untrue allegations" made by Kamel.
The commission's BAA
airport ownership inquiry chairman Christopher Clarke said there were "significant competition problems" arising from BAA
's ownership of its seven UK airports which also include Heathrow, Southampton and Aberdeen.
The cost of insuring BAA
's debt against default fell sharply, with five-year credit default swaps on BAA
about 80 basis points tighter at 175 basis points, one trader said.
UK Office of Fair Trading that BAA
be investigated by the UK's Competition Commission (see story below), Bisignani said, "BAA
is fast becoming a nightmare" as charges will increase 50% in the 2003-08 period and another 50% in 2008-13.
AIRPORT operators BAA
have grounded the hopes of a consortium who tried to land a rival takeover bid.
British airports operator BAA
Plc accepted a GBP10bn takeover bid from a consortium led by Spain's Grupo Ferrovial SA yesterday (6 June).
A venture to provide a new, live flight and airport information service for mobile phones has been revealed by airport operator BAA
, in partnership with Digital Rum, a provider of secure, scaleable mobile solutions.