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Sales negotiations to commence over BAA's Scottish airports?

BAA has been ordered to sell one of its two Scottish airports by the Competition Commission.

07 October 2011

Sales negotiations will be taking place over the sale of either Edinburgh or Glasgow Airport in the near future.

This is because the Competition Commission (CC) has ruled that BAA - which owns six different sites in the UK - has to sell off one of its Scottish airports first.

After this, the company will also have to get rid of Stansted in London, subject to an appeal.

Laura Carstensen, chairman of the BAA Remedies Implementation Group, observed it is the best course of action at the moment.

"We will press ahead with the Scottish sale and as a result passengers and airlines in Scotland will enjoy the benefits of greater competition even sooner than they would have done otherwise," she added.

Those parties interested in acquiring the airport may need to demonstrate negotiation skill in order to make their plans come to fruition.

It was back in July 2009 that the CC initially ruled BAA would have to move on two of its airports.

Posted by Edel Quinn

Source: Competition Commission press release, October 7th
 

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