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{{Infobox Company| company_name = BAA Limited| company_type = Private company| foundation =
13 December 1985, [England,
United Kingdom| key_people = Stephen Nelson (CEO)
Nigel Rudd (Chairman)| industry = Transport| products = Airport operations and services| revenue = £2,232 million (2006)| operating_income = £710 million| net_income =| num_employees = 12,471 (2005)| parent =| subsid =| homepage = www.baa.com| footnotes =-->
BAA Limited is the owner and operator of seven United Kingdom
airports and operator of several airports worldwide, making the company one of the largest transport companies in the world. It is owned by a consortium led by
Grupo Ferrovial, a Spanish firm that specializes in infrastructure.
BAA makes its money from charging landing fees to airlines and also increasingly from the wide range of shops in airport terminals. BAA does not operate all UK airports; many are in the ownership of local authorities or other corporations.
History
The
British Airports Authority was established by the passing of the
Airport Authority Act 1966, to take responsibility for four state-owned airports - London Heathrow Airport,
London Gatwick Airport, London Stansted Airport and Prestwick International Airport. In the next few years, the authority acquired responsibility for Glasgow International Airport, Edinburgh Airport and Aberdeen Airport.
As part of
Margaret Thatcher's moves to privatise government owned assets, the Airports Act (1986) was passed which mandated the creation of
BAA plc as a vehicle by which stock market funds could be raised; the initial capitalisation of BAA plc was £1,225 million. In the early 1990s, the company sold off Prestwick. More recently it has expanded into international operations, including retail contracts at Logan International Airport and
Baltimore-Washington International Airport (through subsidiary BAA USA, Inc.), and a total management contract with the City of Indianapolis to run entirely the Indianapolis International Airport (as BAA Indianapolis, Inc.).
In December 2005, BAA made a winning bid of £1.2 billion for a 75% stake in
Budapest Ferihegy, the largest airport in Hungary, which was being privatised by the Hungarian government, although following the take-over of BAA by Grupo Ferrovial in 2006, the decision was made to sell the stake in Ferihegy and this was done in June 2007, when a consortium led by HOCHTIEF AirPort of Germany purchased the stake.
In July 2006, BAA was taken over by a consortium led by Grupo Ferrovial, following a bid which valued the company at £10.1 billion ($20 billion).
The Economist,
The man who bought trouble. Consulted on July 18, 2007. As a result, the company was delisted from the
London Stock Exchange (where it had previously been part of the
FTSE100 index) on 15 August 2006, and the company name was subsequently changed from BAA plc to BAA Limited.
Name
Although the company is adamant that its name is strictly "BAA Limited" and that the letters do not officially stand for anything, it is still widely (albeit erroneously) referred to as the "British Airports Authority" by both the media and the public - even though the Authority officially ceased to exist following the 1986 privatisation.
Controversies
Heathrow management
BAA has garnered criticism for its handling of Heathrow, namely its predominant placement of shops rather than extra security aisles. After much criticism for this, BAA has now removed some shops to provide extra security lanes.
The Economist writes that retail is important for BAA at Heathrow because by law, landing charges are much less than those of similar-scope airports and retail shops help make up the difference..
Competition
The British government has looked into a possible monopoly BAA holds over London's three main airports.
Heathrow Protest Injunction
In July 2007 BAA sought an injunction preventing potential protesters involved in the
Camp for Climate Action from approaching its London Heathrow Airport.
The Camp for Climate action comprises a number of organizations who oppose the building of a third runway at London Heathrow because of concerns about the environmental and social impacts. The injunction specifically targeted anyone belonging to, or protesting in the name of "AirportWatch", "The No Third Runway Action Group" and "Plane Stupid".
BAA Interests
Owned and operated by BAA
Operated by BAA
- Australia
- Indianapolis International Airport
- Naples International Airport
Retail management
References
External links
{{Infobox Company| company_name = BAA Limited| company_type = Private company| foundation = 13 December
1985, [England,
United Kingdom| key_people = Stephen Nelson (CEO)
Nigel Rudd (Chairman)| industry = Transport| products = Airport operations and services| revenue = £2,232 million (2006)| operating_income = £710 million| net_income =| num_employees = 12,471 (2005)| parent =| subsid =| homepage = www.baa.com| footnotes =-->
BAA Limited is the owner and operator of seven
United Kingdom airports and operator of several airports worldwide, making the company one of the largest transport companies in the world. It is owned by a consortium led by
Grupo Ferrovial, a Spanish firm that specializes in infrastructure.
BAA makes its money from charging landing fees to airlines and also increasingly from the wide range of shops in airport terminals. BAA does not operate all UK airports; many are in the ownership of local authorities or other corporations.
History
The
British Airports Authority was established by the passing of the
Airport Authority Act 1966, to take responsibility for four state-owned airports - London Heathrow Airport,
London Gatwick Airport, London Stansted Airport and Prestwick International Airport. In the next few years, the authority acquired responsibility for Glasgow International Airport,
Edinburgh Airport and
Aberdeen Airport.
As part of Margaret Thatcher's moves to privatise government owned assets, the Airports Act (1986) was passed which mandated the creation of
BAA plc as a vehicle by which stock market funds could be raised; the initial capitalisation of BAA plc was £1,225 million. In the early 1990s, the company sold off Prestwick. More recently it has expanded into international operations, including retail contracts at Logan International Airport and
Baltimore-Washington International Airport (through subsidiary BAA USA, Inc.), and a total management contract with the City of Indianapolis to run entirely the Indianapolis International Airport (as BAA Indianapolis, Inc.).
In December 2005, BAA made a winning bid of £1.2 billion for a 75% stake in Budapest Ferihegy, the largest airport in Hungary, which was being privatised by the Hungarian government, although following the take-over of BAA by Grupo Ferrovial in 2006, the decision was made to sell the stake in Ferihegy and this was done in June 2007, when a consortium led by HOCHTIEF AirPort of Germany purchased the stake.
In July 2006, BAA was taken over by a consortium led by Grupo Ferrovial, following a bid which valued the company at £10.1 billion ($20 billion).
The Economist,
The man who bought trouble. Consulted on July 18, 2007. As a result, the company was delisted from the London Stock Exchange (where it had previously been part of the
FTSE100 index) on 15 August 2006, and the company name was subsequently changed from BAA plc to BAA Limited.
Name
Although the company is adamant that its name is strictly "BAA Limited" and that the letters do not officially stand for anything, it is still widely (albeit erroneously) referred to as the "British Airports Authority" by both the media and the public - even though the Authority officially ceased to exist following the 1986 privatisation.
Controversies
Heathrow management
BAA has garnered criticism for its handling of Heathrow, namely its predominant placement of shops rather than extra security aisles. After much criticism for this, BAA has now removed some shops to provide extra security lanes.
The Economist writes that retail is important for BAA at Heathrow because by law, landing charges are much less than those of similar-scope airports and retail shops help make up the difference..
Competition
The British government has looked into a possible monopoly BAA holds over
London's three main airports.
Heathrow Protest Injunction
In July 2007 BAA sought an injunction preventing potential protesters involved in the
Camp for Climate Action from approaching its London Heathrow Airport.
The Camp for Climate action comprises a number of organizations who oppose the building of a third runway at London Heathrow because of concerns about the environmental and social impacts. The injunction specifically targeted anyone belonging to, or protesting in the name of "AirportWatch", "The No Third Runway Action Group" and "
Plane Stupid".
BAA Interests
Owned and operated by BAA
Operated by BAA
- Australia
- Indianapolis International Airport
- Naples International Airport
Retail management
References
External links
BAA: Sitemap: BAA Limited
We have organised this corporate zone into six main areas: About BAA Information about our history, our policies, the industry and our governance, plus an insight into the wide ...
BAA: Contact Us
BAA Limited Head Office, 130 Wilton Road, London SW1V 1LQ. Tel: +44 (0)20 8745 9800
BAA Media Photo Library
Copyright of all images and photographs stored on this media library is owned by BAA Limited. Images must only be used for BAA-related articles and not general articles about ...
BAA Aviation Photo Library - Home
BAA Limited's commercial photo library covers a wide range of images including airports, aircraft, aerials, runways, retail outlets and some fantastic London scenes. Frequently ...
BAA
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Welcome to the BAA Aviation Video Library
Click on 'My Account' and see how you can benefit from the Video Library's improved ... Accessibility Statement; Terms & Conditions © BAA Limited 2007
BAA Limited - Wikipedia, the free encyclopedia
BAA Limited is the owner and operator of seven British airports and the operator of several other airports worldwide, making the company one of the largest transport companies in ...
BAA Aviation Photo Library - Copyright
BAA Limited's commercial photo library covers a wide range of images including airports, aircraft, aerials, runways, retail outlets and some fantastic London scenes. Frequently ...
Welcome to the BAA Aviation Video Library
1.3 TMB Marketing and Communications ("TMB") is licensed to manage the BAA Video Library on behalf of BAA Limited. 1.4 BAA reserves the right to distribute or discontinue footage at ...
