London Stansted Airport ownership appeal from BAA begins
Mon, 19 Oct, 2009
BAA is due to start its appeal against an order that it must sell off three of its seven UK airports, including London Stansted Airport.
It has been told it must sell London Stansted Airport, London Gatwick Airport and either Edinburgh or Glasgow Airport.
BAA will appeal against the decision that it must get rid of the airports at a Competition Appeal Tribunal, in a hearing that is expected to last for around three days.
It has already put London Gatwick Airport up for sale but has yet to finalise a deal to sell it.
The Competition Commission has ordered BAA to cut the number of airports it owns due to concerns about its market dominance.
Its order will be appealed against by the company on the grounds that the change in the economic climate has seen radical falls in passenger numbers and freight.
Last month, the company revealed it had suffered a 2.6 per cent drop in passengers compared to numbers in September 2008.