Pursuits
BAA Court Loss Will Force Sale of Stansted, One Other Airport
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BAA Ltd., the owner of London’s Heathrow airport, was ordered to sell two U.K. airports after an appeals court rejected its claim of regulatory bias during a probe of the industry.
The Court of Appeal reinstated the Competition Commission’s March 2009 decision forcing BAA to sell Stansted near London and either the Glasgow or Edinburgh airports. BAA, owned by Madrid- based Ferrovial SA, already sold London Gatwick under pressure from the regulator.