BAA may appeal against asset sale order
BAA plans to challenge a Competition Commission order to sell two of its airport with an application to the Competition Appeal Tribunal (CAT) (Reuters, 27-Jul-2011). The commission order BAA to sell London Stansted and either Glasgow or Edinburgh airports. “The natural place for us to appeal (against) the ruling would be at the CAT and we have until September 19 to do that,” BAA CEO Colin Matthews said. “We won’t wait until the last minute but we have some more work to do to scrutinize the report in more detail but as soon as we’re done we’ll get on with it.” Mr Matthews refused to rule out taking the matter to the Court of Human Rights if a judicial review fails. Analysts expect BAA will only be able to sell Stansted at a substantial discount to its GBP1.32 billion regulated value.