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BAA may seek sales negotiations over Edinburgh airport

BAA has confirmed it will sell Edinburgh Airport.

19 October 2011

Aviation company BAA may become involved in international business negotiations as it has decided to sell Edinburgh Airport.

It comes after the Competition Commission forced the operator to put either its Glasgow or Edinburgh base on the market.

Preparations are now being made to attract suitors - which could see negotiation skill needed - ahead of a proposed summer 2012 transaction.

BAA chief executive Colin Matthews admitted it had been a "difficult decision" choosing which airport to let go.

"Glasgow Airport has great opportunities for future growth and development and we think BAA is well-placed to build on its recent success," he added.

Mr Matthews continued by saying that both locations will continue to have an important role in the country's aviation future.

Once Edinburgh Airport has been sold, BAA will be expected to find a buyer for Standsted as well, a decision the company is hoping to be able to reverse on appeal.

Posted by Edel Quinn

Source: BAA press release, October 19th
 

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