Review of the year – global airport privatisation still robust, but patchy
In 2011, similar criteria applied to airport investment as in the previous year. Any owner could not expect anything like what it might have received for the equivalent asset in 2007. Ergo BAA has bent over backwards to delay the enforced sale of London Stansted Airport, its biggest asset, until a more favourable environment exists but was not able to stop the equally enforced sale of Edinburgh Airport, scheduled for 1H2012.
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