Stansted Airport sold in £1.5billion deal

09:26 19 January 2013

The ownership of the airport was subject to an inquiry. File picture: PA Wire

The ownership of the airport was subject to an inquiry. File picture: PA Wire

Stansted Airport is to be sold to the Manchester Airports group for £1.5 billion, it was announced last night.

It is the third busiest airport in the London area after Heathrow and Gatwick and is the UK’s fourth busiest airport, handling around 17.5 million passengers and more than 131,000 flights a year.

The deal will mean BAA - now known as Heathrow Airport Holdings - will be responsible for four UK airports after a probe by the Competition Commission.

After an inquiry the commission ruled that BAA’s airport ownership was uncompetitive and said that it must sell Gatwick and Stansted and one of either Edinburgh or Glasgow airports.

Gatwick had already been sold by the time of the ruling and since then BAA has sold Edinburgh.

Heathrow chief executive Colin Matthews said: “Stansted airport and its people have been part of our company for a long time.

“It has been named by passengers as ‘the world’s best airport for low-cost airlines’ for two consecutive years at the Skytrax World Airport Awards, and we are proud of its achievements.”

“We wish the new owners every success and are confident the airport will continue to flourish. We will continue to focus on improving Heathrow, Glasgow, Aberdeen and Southampton airports.”

Manchester Airports Group (MAG) owns and operates Manchester, East Midlands and Bournemouth airports.

Latest Stories from SNAP.PA

One male suspect has also died, with Parliament sergeant-at-arms Kevin Vickers hailed for helping to stop the attacker reaching MPs.

Read more

Lindsay Booth said The Apprentice taught her to put more emphasis on life than business.

Read more

Tina Fey and Jason Bateman star as brother and sister, who return home after the death of their father in This Is Where I Leave You.

Read more

Promotions

AGA Living Subscription

Every issue of AGA Living magazine is packed full of celebrity AGA owner interviews, interior and design features, ideas to inspire your culinary imagination, mouth-watering recipes and inspirational shopping ideas.

Dojo gives you hand picked recommendations for events, places and activities in London

Tired of always hearing about some amazing event in London after its gone, missing out on the best activities? That’s where Dojo comes in.

One male suspect has also died, with Parliament sergeant-at-arms Kevin Vickers hailed for helping to stop the attacker reaching MPs.

Most of downtown Ottawa is in lockdown, say police.

A gunman has shot a Canadian soldier standing guard at the National War Memorial in Ottawa, then entered parliament and shots rang out, according to reports. People fled the building by scrambling down scaffolding erected for renovations, witnesses told the Canadian Press news agency. The top spokesman for Stephen Harper said the prime minister was […]

From birds and insects to a frog, iguana and lions: the beautiful shots of the Wildlife Photographer Of The Year exhibition.

TOP Stories

Yesterday, 15:35
The woman's arrest is linked to the ongoing war in Syria (Photo by David Silverman/Getty Images)

Two people have been arrested in separate terror raids linked to Syria today.

Yesterday, 15:24
Monir Saleh pushed his 93-year-old victim so hard that she fell over, screaming [Photograph from Metropolitan Police]

A man who pushed a pensioner with a walking frame over in a botched robbery has been sentenced to three years and four months in jail.

Yesterday, 13:54
Trains to and from Marylebone Station are disrupted by the incident [Picture from Google StreetView]

Trains are delayed by up to an hour between Princes Risborough and London Marylebone stations.

London Bloggers

Wednesday, September 17, 2014
The cast, including Josie Lawrence and Mike Myers

Simon Collins catches up with the improv impresarios, who despite being the world’s longest-running comedy show with the same cast, have lost none of the razor-sharp wit:

Monday, September 1, 2014
Do you really need an explanation for that?! (Pic by Serena Marinelli)

If you’ve ever seen an Italian movie, you would probably know how important body language is in the culture.

Tuesday, August 26, 2014
Don't waste any of your harvest

If you are now inundated with ripe tomatoes, juicy green beans, berries and herbs, don’t leave them to go stringy or mouldy because the freezer can go a long way to making your crops last well into winter.