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Destinations

 
   
asgow Airport 'on the brink of sell-off'  
Destinations  
   

GlAccording to a recent report published in The Herald, it appears that Glasgow Airport is 'on the brink of a sell-off'. Most notably, the newspaper observes that the owners of Spanish infrastructure giant Ferrovial, the owners of BAA are actually contemplating on plans to take the airport to the market during this month in an effort to avoid a full-scale break-up of BAA that is expected to be imposed by UK watchdogs.

In a warning issued earlier during this year, the Competition Commission warned that the BAA monopoly in both Scotland and the south-east of England might be actually hurting passengers. According to the suggestions made by the Media reports, the commission was now certain about its stand that BAA's control exercised over seven British airports with the list including Aberdeen, Glasgow and Edinburgh was truly harmful to the market. According to the Financial Times, this factor has made the sell-offs more probable.

In addition, the report has also cited certain unnamed 'legal sources' that say that the next round of findings would prove to be a crucial step towards an order for BAA to sell away an airport in the Scotland region in addition to an airport in England. In fact, it is said that the commission has consulted the officials from rival airport operators in order to ascertain what wider ownership would mean for the industry. It is significant to note that any such sale would invariably put an end to the monopoly enjoyed by BAA in Scotland.