BAA

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BAA blames fall in passenger numbers in July on the Olympics

LONDON | July brought fewer travellers to the five British airports of BAA, the operator owned by the Spanish company Ferrovial. BAA said 9.6 million passengers passed through its airports in July 2012, down -4.1% comparing to the same month in 2011. The drop in numbers at Heathrow was of -4.4% to 6.6 million passengers. The loss was more pronounced in the second half of the month. The consortium explained in a…


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Ferrovial closes successful sale of Edinburgh airport for £807 million

MADRID/LONDON | BAA, the company owned by a Spain’s Ferrovial-led consortium and that manages most airports in the UK, announced Monday the sale of its 100% interest in Edinburgh Airport Limited. The asset will be acquired by Global Infrastructure Partners GIP for £807.2 million, which surpasses in some £200 million estimations made in advance by analysts in the Madrid financial City. The news was favourably received by most experts. In several investor…


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Building Thames Estuary airport “will waste precious time,” says Ferrovial’s BAA

LONDON | The British prime minister David Cameron on Wednesday unilaterally gave his go-ahead to a closer study of the Thames Estuary airport proposal, among other options on expanding UK's travel and trade links with non-European markets. Downing Street explained that plans for a second runway at Stansted and any expansion of Gatwick before 2019 remained ruled out, as it is a third runaway for Heathrow airport. The Thames scheme…


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Is BAA selling airports or buying time? Most probably, both

Best Ways To Win A Guy Back The financial City of Madrid on Monday unanimously recommended investors to support Ferrovial's strategy on its UK operator BAA deals: adjourning forced divesting until the markets set better conditions. While the British Competition Commission has accepted a reversal in sale plans, so BAA will begin by offering one of the two airports it owns in Scotland (Glasgow and Edinburgh) instead of Stansted, the…