Associated Press Business News: BAA's Ownership of Airports Under Review - MSN Money

Associated Press Business News: BAA's Ownership of Airports Under Review - MSN Money: "BAA's Ownership of Airports Under ReviewadvertisementRelated information E-mail this article Print-friendly version

All Associated Press NewsLONDON (AP) - Britain's competition regulator said Friday it will study airport owner BAA PLC's domination of airport ownership.
BAA, which recently agreed to a takeover by Spain's Grupo Ferrovial SA, owns London's Heathrow, Gatwick and Stansted airports and key airports in Scotland.
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The Office of Fair Trading, which had said in May that it was considering a review, said it would examine whether 'the current market structure works well for consumers.'
The agency said that nearly two-thirds of British air passengers begin or end their journey at a BAA airport.
'Within the London area this rises to nine out of 10 passengers, and in Scotland over eight out of 10 air passengers fly from a BAA airport,' the agency said.
BAA also operates airports at Southampton England; and in the Scottish cities of Aberdeen, Glasgow and Edinburgh.
A consortium led by Ferrovial, the Spanish construction company, won a fight for control of BAA with a 10 billion pound ($18.4 billion) bid.
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