AIN AIR TRANSPORT PERSPECTIVE » AUGUST 27, 2012
London Stansted Airport is set to be sold to new owners in a move that promises to shake up the competitive dynamic between the country’s airports.
August 27, 2012, 10:10 AM
UK airports group BAA has reluctantly abandoned any further legal challenges to thecompulsory sale of London Stansted Airportmandated by anti-trust authorities. It is now open to offers for what is the UK’s fourth busiest airport, and low-cost carrier Ryanair has emerged as a leading figure among potential bidders. Ryanair confirmed on August 21 that it has been asked to join a consortium that would buy Stansted jointly, with its own stake not exceeding 25 percent. Undisclosed pension funds, infrastructure investors and the owners of the UK’s Manchester Airport are also understood to be in the running to buy the facility from BAA.
Ryanair has made clear its motive for taking partial control of Stansted. The airline would be able to advance its long-standing agenda of driving down landing fees and other airport charges and making the field a haven for low-cost airline service.
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