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.
Passengers numbers at Stansted airport in Essex have fallen by 600,000 to 13.5 million in the first nine months of 2012.
BAA has decided to end its legal fight against the forced sale of Stansted.
Airport operator BAA has lost its latest challenge against a decision forcing it to sell Stansted Airport in Essex.