The U.K. Court of Appeal has granted BAA Airports’s request to appeal the Competition Appeal Tribunal ruling that ordered the operator to sell Stansted. The February 2012 ruling had affirmed the Competition Commission decision in 2009, which had ordered BAA to divest Gatwick and Stansted, as well as either Glasgow or Edinburgh airports. The BAA has already sold Gatwick and has agreed to sell Edinburgh, but argued that Stansted should not be sold because it and Heathrow do not serve the same market, and so BAA can thereby continue to operate both airports. Moreover, BAA argues that the U.K. airport market has become more competitive since 2009.
Full content: Bloomberg
Related content: The Competition and Markets Authority: A New Era for U.K. Competition Law Enforcement? (Paula Riedel & Anna Mitchell, Linklaters)
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