- 12 updates
Passengers numbers at Stansted airport in Essex have fallen by 600,000 in the first nine months of 2012 compared with the same period in 2011. Between January and September 13.5 million passengers passed through the terminal.
The airport's core European traffic was down 2% and the Olympic games had a slight impact.
Matthew Hudson reports on BAA's announcement that it is to sell Stansted, and gets reaction from travel expert Simon Calder, Essex business leaders and the campaign group Stop Stansted Expansion.
Campaign group Stop Stansted Expansion (SSE) says BAA's decision to sell Stansted, will allow them to 'breathe a little easier'
Essex business leaders have said they are disappointed that BAA has been instructed to sell Stansted, fearing the impact it might have on the county economy.
David Burch, Director of Policy at Essex Chambers of Commerce, said it was important the right buyer for the airport.
The owner of Stansted Airport has announced it is to sell the Essex airport.
BAA released a written statement which reads:
Having carefully considered the Court of Appeal’s recent ruling, BAA has decided not to appeal to the Supreme Court and is now proceeding with the sale of Stansted Airport. We still believe that the Competition Commission ruling fails to recognise that Stansted and Heathrow serve different markets.
Rory Taylor of the Competition Commission says today's court ruling was correct and in the "best interests of passengers and airlines".
Airport operator BAA lost its latest challenge today at the Court of Appeal against a decision forcing it to sell Stansted Airport in Essex.