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Heathrow Airport Holdings - the company formerly known as BAA - had its ownership of Stansted brought into question when the Office of Fair Trading referred the company's holding to the Competition Commission (CC).
After a long inquiry the CC ruled that BAA's airport ownership was uncompetitive.
The commission ruled in 2009 that BAA must sell Gatwick and Stansted and one of either Edinburgh or Glasgow airports. Gatwick had already been sold by the time of the ruling and since then BAA has sold Edinburgh.
The chief executive of Heathrow Airport Holdings - formerly known as BAA - had this reaction to the sale of Stansted Airport:
- UK's fourth busiest airport serving more than 17 million passengers per year
- Home to 14 airlines serving more than 150 destinations in 32 countries
- Capacity to serve 35 million passengers per year
- More than 10,000 people work at Stansted including 1,400 airport employees
- Serves more European destinations than any airport in the world
The company formerly known as BAA is to sell Stansted airport to the Manchester Airports group for £1.5 billion.
The deal, announced late this evening, will mean that BAA - now known as Heathrow Airport Holdings - will be responsible for just four UK airports compared with its original seven.
The remaining ones are Heathrow, Southampton, Aberdeen and Glasgow.