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Stansted sold for £1.5bn

The company formerly known as BAA is to sell Stansted airport to the Manchester Airports group for £1.5 billion. The deal means the company will be responsible for just four UK airports compared with its original seven.

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Former Stansted owner 'proud of its achievements'

The chief executive of Heathrow Airport Holdings - formerly known as BAA - had this reaction to the sale of Stansted Airport:

Stansted airport and its people have been part of our company for a long time.

It has been named by passengers as 'the world's best airport for low-cost airlines' for two consecutive years at the Skytrax World Airport Awards, and we are proud of its achievements.

We wish the new owners every success and are confident the airport will continue to flourish. We will continue to focus on improving Heathrow, Glasgow, Aberdeen and Southampton airports.

– Colin Matthews, chief executive, Heathrow Airport Holdings

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