Heathrow owner must sell satellite airports
Feb. 1, 2012, London, U.K. - Britain's competition authority says airport operator BAA has lost its appeal against an order to sell Stansted airport.
BAA, which owns Heathrow airport, had been ordered in 2009 to dispose of Stansted and Gatwick airports, which also serve London.
The Competition Commission said Wednesday that BAA's latest appeal had been rejected.
BAA has sold Gatwick but had fought against giving up Stansted, a major hub for European regional air service. The company is also in the process of selling Edinburgh airport.
BAA is owned by a consortium led by the Spanish company Ferrovial.