The airports of Gatwick and Stansted are being sold, because of the monopoly BAA has in the share of UK-airports. BAA possesses seven airports, which, according to the government is against the competition-policy.
The competition commission concluded that BAA should two of its three London airports. It better does, otherwise will this Spanish-owned company lose control of its flagship airport Heathrow. BAA got heavily criticised over delays and poor service, Heathrow included. That's one of the main reasons why the commission asks BAA to sell, another one is the lack of initiative in planning capacity.
BAA has got seven airports: Gatwick, stansted, heathrow, Southampton, Edinburgh, Glasgow and Aberdeen. There are, according to the chairman of the Competition Commission's BAA, several competition issues arising. There also is a difference between the airports controlled by other companies than BAA and the airports controlled by BAA.
Another serious accuse is described as a serious shortage of capacity, in particular runway capacity. The Competition Commission says that there should be much more runways around London. New airport owners would be more active than BAA in exploiting existing opportunities, other than creating them, to increase flight numbers. BAA focuses too much on the expansion of Heathrow.
Potential Buyers of the airports are:
- Canadian pension Plan, Ontario Teachers Plan and 3i
- Babcock & Brown and Deutsche Bank and Rreef, the infrastructure investment arm of Deutsche Bank
- Borealis and Manchester airport group
- Citygroup, John Hancock and Vancouver Airport
Those are the four main players on the sale.
But off course, first BAA has to agree in selling their airports and destroying its monopoly...
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