The British Airports Authority says that despite the disruption from Iceland's volcanic ash cloud which closed UK airspace for several days, cargo tonnage in April was up 6.2 per cent on last year reflecting what it said is the underlying strength of the air cargo business. Passenger traffic slumped by 22.7 per cent last month as a direct result of the ash cloud. Worst hit were Southampton and Edinburgh airports which saw passenger numbers tumble by 27 and 26 per cent respectively. Heathrow and … [Read more...] about Cargo up in April at BAA airports despite ash closure
BAA
BAA sells Gatwick for US$2.5 billion
UK airports operator, BAA, owned by Spanish construction firm Ferrovial, agreed to sell Gatwick Airport to investment fund Global Infrastructure Partners for 1.5 billion pounds (US$2.46 billion) on Wednesday, as part of a competition ruling that it must offload three British airports in total. BAA said it will use the proceeds to repay debt. A $91.9 million portion of the sale price is conditional on future traffic performance and the buyer’s future capital structure. Global … [Read more...] about BAA sells Gatwick for US$2.5 billion
BAA sells Gatwick for US$2.5 billion
UK airports operator, BAA, owned by Spanish construction firm Ferrovial, agreed to sell Gatwick Airport to investment fund Global Infrastructure Partners for 1.5 billion pounds (US$2.46 billion) on Wednesday, as part of a competition ruling that it must offload three British airports in total. … [Read more...] about BAA sells Gatwick for US$2.5 billion
UK’s BAA airport group sees slowing decline
UK airports group BAA – which owns London airports Heathrow, Gatwick and Stansted as well as Southampton in Southern England and Glasgow, Edinburgh and Aberdeen in Scotland – said cargo traffic showed a slower rate of decline in July, but was still down 11.7 per cent on the year. Cargo volumes at its airports are down 17 per cent for the first seven months of 2009 compared with a year earlier. Its airports also handled 14.5 million passengers in July, down just 2.4 per … [Read more...] about UK’s BAA airport group sees slowing decline
BAA cargo dives 21 per cent in Feb
Britain’s largest airports group saw cargo traffic plunged more than 20 per cent in February. BAA, which operates seven UK airports, including Heathrow, Gatwick, Stansted, Edinburgh and Glasgow, said that its total UK cargo volumes had fallen by 21.4 per cent during February compared with the same month a year ago to 119,984 tonnes. BAA said the steep declines were a result of the current economic environment with a spokesman also blaming “adverse weather conditions†… [Read more...] about BAA cargo dives 21 per cent in Feb
BAA accuses competition authorities of bias
UK airports operator BAA has said it will appeal the UK Competition Commission’s ruling that it must sell both London Gatwick and Stansted and either Edinburgh or Glasgow International, claiming the decision was both “affected by apparent bias†and failed to account for the current economic climate. BAA is asking the Competition Appeal Tribunal to review the March ruling and said its accusation of bias is based on “links between a member of the Competition … [Read more...] about BAA accuses competition authorities of bias
