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| Regulator to order airports sale | Regulator to order airports sale |
| (about 3 hours later) | |
| The Competition Commission is expected to confirm the break-up of airports operator BAA by ordering the sale of Stansted airport as well as Gatwick. | The Competition Commission is expected to confirm the break-up of airports operator BAA by ordering the sale of Stansted airport as well as Gatwick. |
| In the final report of its two-year investigation to be published later, it will also order the sale of one of BAA's three Scottish airports. | |
| It has looked into BAA's dominance over airports in Scotland and the south-east of England; BAA owns a total of seven. | |
| The regulator has already begun to vet potential bidders for Gatwick. | The regulator has already begun to vet potential bidders for Gatwick. |
| In its provisional decision published in December, the commission said the lack of competition between airports owned by BAA was detrimental to passengers. 2008 PASSENGER NUMBERS AT BAA AIRPORTS Heathrow: 66.9 millionGatwick: 34.2 millionStansted: 22.3 millionEdinburgh: 9.0 millionGlasgow: 8.1 millionAberdeen: 3.3 millionSouthampton: 2.0 million Source: BAA annual report | In its provisional decision published in December, the commission said the lack of competition between airports owned by BAA was detrimental to passengers. 2008 PASSENGER NUMBERS AT BAA AIRPORTS Heathrow: 66.9 millionGatwick: 34.2 millionStansted: 22.3 millionEdinburgh: 9.0 millionGlasgow: 8.1 millionAberdeen: 3.3 millionSouthampton: 2.0 million Source: BAA annual report |
| It concluded that BAA, which also owns Heathrow, should sell Gatwick and Stansted airports in the south-east of England. | It concluded that BAA, which also owns Heathrow, should sell Gatwick and Stansted airports in the south-east of England. |
| It also said Edinburgh airport should be sold, although it invited further views on this. BAA also operates Glasgow and Aberdeen airports. | It also said Edinburgh airport should be sold, although it invited further views on this. BAA also operates Glasgow and Aberdeen airports. |
| Last month, BAA said a fall in passenger numbers, brought on by the economic downturn, had dented its 2008 profits, which fell by 18.4%. | Last month, BAA said a fall in passenger numbers, brought on by the economic downturn, had dented its 2008 profits, which fell by 18.4%. |
| It reported a profit of £582m before tax and interest, down from £713m in 2007, as 2.7% fewer travellers went through its seven UK airports. | It reported a profit of £582m before tax and interest, down from £713m in 2007, as 2.7% fewer travellers went through its seven UK airports. |