BAA to sell Edinburgh airport
UK airport operator BAA is to sell Edinburgh Airport in Scotland for £500m after the UK Competition Commission ordered it to sell either the Glasgow or Edinburgh facilities.
UK airport operator BAA is to sell Edinburgh Airport in Scotland for £500m after the UK Competition Commission ordered it to sell either the Glasgow or Edinburgh facilities.
The decision follows the Competition Commission's ruling that BAA must sell one of its Scottish airports before it disposes of Stansted airport, thereby changing the divestment schedule to reduce its dominance.
In 2009, the UK Competition Commission ruled that BAA exerted a dominant hold on British airports.
BAA is now preparing for the sale and expects to formally approach the market early next year with a view to a sale by mid-2012.
BAA owns London's Heathrow, Europe's busiest airport, as well as Southampton and Stansted in England and Glasgow, Edinburgh and Aberdeen airports in Scotland.
