New owners at Stansted

The company formerly known as BAA has sold Stansted airport in Essex to the Manchester Airports Group for £1.5 billion.

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New owners take over at Stansted airport

Stansted Airport has changed hands and the new owners already have problems to deal with. The biggest airline to use the airport, Ryanair, is angry about a 6% increase in airport charges and says it may pull some of its flights out.

Stansted has been bought by M.A.G. which owns or operates Manchester, East Midlands and Bournemouth airports. Stansted's former owner was forced to sell by the Competition Commission.

Click below to watch a report from ITV News Anglia Business Correspondent Matthew Hudson:

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