BAA gives up fight to keep airport

August 20 2012 17:37:44

BAA gives up fight to keep airport

LONDON - The Associated Press

AP Photo

BAA is to give up on its long legal fight against the U.K. competition authorities to retain ownership of Stansted airport, the fourth-busiest airport in the country.

The company announced yesterday that it had decided not to appeal to the Supreme Court against an order to sell Stansted, a base for regional air service. BAA previously sold Gatwick airport in London and Edinburgh airport after the Competition Commission ruled it had an unfair market advantage over BAA, which owns London’s Heathrow airport and three other airports, is owned by a consortium led by Ferrovial of Spain. Ferrovial last week announced that it had sold a 10.6 percent stake in BAA to Qatar Holding, increasing the fund’s stake in BAA to 20 percent.

Defense industry’s exports top $5.1 billion in 10 months

Over 1.5 million Britons visit tourism hotspot Antalya

Eight OPEC+ members extend oil supply cuts until year end

China to hash out major stimulus plan this week

IMF to begin delayed review of Egypt loan program: PM

Annual inflation slows to 15-month low of 48.6 pct in October

Türkiye's passenger car market slows down in October

WORLD

Iran arrests woman after solo university protest: Reports

Iranian authorities have arrested a female student after she stripped to her underwear outside her university in Iran in what some student and rights groups say was a protest against the country’s strict Islamic dress code, several reports said on Nov. 3.

ECONOMY

Defense industry’s exports top $5.1 billion in 10 months

The Turkish defense and aerospace industry’s export revenues amounted to $5.13 billion in January-October, marking a robust 18 percent increase from a year ago.

SPORTS

UEFA moves Beşiktaş – Maccabi Tel Aviv match from Istanbul: Report

UEFA has decided to relocate the match between Turkish club Beşiktaş and Israeli team Maccabi Tel Aviv, which was originally slated to take place in Istanbul on Nov. 28, local media reported on Nov. 4.