Heathrow Airport Holdings

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Heathrow Airport Holdings Limited

logo
legal form Limited
founding 1985
Seat London , UKUnited KingdomUnited Kingdom 
management Nigel Rudd, CEO
Number of employees 12,471 (2006)
sales 2,232 million euros (2007)
Branch Airports
Website heathrow.com

Heathrow Airport Holdings Limited , until the end of 2012 BAA Limited , is the owner and operator of London Heathrow Airport in the UK . Since July 2006 the company has been part of a consortium led by the Spanish Ferrovial group . HAH is also the owner and operator of the Heathrow Express .

history

The British Airports Authority was created in 1966 with the British Authority Act . This took over responsibility for originally four state-owned airports: Heathrow, Gatwick, Stansted and Glasgow-Prestwick. In the following years Edinburgh, Aberdeen and Southampton were added.

With the Airports Act in 1986, the company was privatized via an IPO . The new company BAA plc started out with a market capitalization of £ 1.225 billion . In 1991 Prestwick Airport was sold. In recent years, BAA has expanded abroad. It took over all stores in several US airports (through the subsidiary BAA USA Inc.) and is the sole operator of several airports in Australia and the USA . In December 2005 BAA took over 75% of Budapest Ferihegy Airport when it was privatized by the Hungarian government.

In July 2006 the company BAA was taken over by a consortium led by the Spanish Ferrovial group (in which Ferrovial held 55.87%, the Canadian pension fund Caisse de dépôt et placement du Québec 26.48% and the sovereign wealth fund GIC from Singapore 17, 65%). This came after a takeover bid for BAA plc of 10.1 billion pounds . As a result of the takeover, the company is no longer listed on the stock exchange.

This takeover resulted in a resale of the shares in Budapest Airport in 2007 to a consortium made up of Hochtief AirPort , the Caisse de Dépôt et Placement du Québec, the GIC from Singapore and the KfW IPEX-Bank for 1.9 billion euros .

BAA has also been the subject of an investigation by the UK Competition Commission since 2006; In August 2008, a preliminary finding recommended that BAA be forced to sell Gatwick, Stansted and Glasgow airports. In this context, BAA announced its decision in September 2008 to look for a buyer for Gatwick. On 19 March 2009 the Commission announced its decision that BAA would have to give up its airports in London Gatwick and London Stansted and one of the Scottish airports ( Glasgow or Edinburgh ) within two years. In October 2009, Gatwick was sold to a consortium of financial investors led by Global Infrastructure Partners. An objection was initially raised against the sale of the other airports; however, in October 2011 BAA announced its intention to sell Edinburgh Airport. In April 2012, Edinburgh Airport was finally sold to GIP for £ 807 million .

In January 2013, London-Stansted Airport was sold to the Manchester Airports Group for around 1.8 billion euros.

December 2014 the company sold Glasgow International , Aberdeen and Southampton airports to AGS Airports Ltd.

Surname

Although the company points out that the previous name was simply "BAA Limited" and the letters had no meaning, it was often mistakenly referred to as the "British Airports Authority". The actual "Authority" was dissolved in 1986 as a result of privatization. Since the beginning of 2013 the company has been renamed Heathrow Airport Holdings Limited .

Airports

Airport owned

Sold airports

Web links

Notes and sources

  1. a b c baa.com - Debt in the Group's structure (English). Retrieved January 25, 2013
  2. wiwo.de: Hochtief takes over Budapest Airport ( Memento of the original from May 13, 2007 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.wiwo.de
  3. http://www.ftd.de/unternehmen/handel_dienstleister/:Kartellentwahl-BAA-muss-Airports-verschleudern/489389.html ( Memento from March 21, 2009 in the Internet Archive )
  4. BAA sells Gatwick for £ 1.5bn (English) , Financial Times . October 20, 2009. Retrieved November 2, 2009. 
  5. BAA (SP) Limited: Results for the nine months ended September 30, 2009. (No longer available online.) In: mediacentre.heathrowairport.com. October 28, 2009, formerly in the original ; accessed on February 27, 2014 (English).  ( Page no longer available , search in web archivesInfo: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Dead Link / mediacentre.heathrowairport.com  
  6. BAA to sell Edinburgh Airport ( English ) BAA . October 19, 2011. Retrieved October 20, 2011.
  7. baa.com - BAA announces sale of Edinburgh Airport (English) April 23, 2012
  8. ^ Austrianaviation.net - Stansted Airport sold January 21, 2013