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Stansted Airport – BAA’s personal Olympic Marathon closes in on the finishing tape


Three years of living in denial finally came to an end for BAA on 20-Aug-2012 when it decided not to appeal the UK Court of Appeal’s recent ruling and to proceed with the sale of London Stansted Airport as it had been instructed to do by the country's Competition Commission. Having lost London Gatwick and Edinburgh airports already, competition for BAA is set to heat up in southeast England and Scotland. Meanwhile, a slug of BAA’s equity has been sold to another one of the growing number of sovereign wealth funds that are investing in airports at a price that may influence the Stansted valuation. [5198 words]

Unlock the following content in this report:


  • Traffic in decline but broad destination base
  • Man or Mouse?
  • Stansted contenders jostle for position
  • Competition Commission 'seeks to ensure the suitability of the new owner'
  • Ryanair’s anchor would weigh a new operator down
  • Tricky valuation
  • Poor track record in the network segment
  • The only way is Essex
  • Rise of the sovereign wealth funds evident in BAA/Qatar transaction
  • Lacking the bulldog spirit?

Graphs and data:

  • MAG financial highlights for 12 months ended 31-Mar-2012 (all financial figures in GBP million)
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