BAA Limited
Type	Private
Founded	13 December 1985 (as BAA plc)
Headquarters	London, England, UK
Key people	Colin Matthews (CEO) Sir Nigel Rudd (Chairman)
Industry	Transport
Products	Airport operations and services
Revenue	£2,232 million (2006)
Operating income	£710 million
Employees	12,471 (2005)
Parent	Grupo Ferrovial (Spain)
Website	www.baa.com

BAA Limited is the owner and operator of seven British airports and the operator of several other airports worldwide, making the company one of the largest transport companies in the world. The term privately held company refers to ownership of a business company in two different ways first referring to ownership by non-governmental organizations and second Events 1294 - Saint Celestine V abdicates the papacy after only five months Celestine hoped to return to his previous life Year 1985 ( MCMLXXXV) was a Common year starting on Tuesday (link displays 1985 Gregorian calendar) London ( ˈlʌndən is the capital and largest urban area in the United Kingdom. England is a Country which is part of the United Kingdom. Its inhabitants account for more than 83% of the total UK population whilst its mainland The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located Sir Nigel Rudd (born 1946 in Derby, England) is a Fellow of the Institute of Chartered Accountants. For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services In financial and business Accounting, earnings before interest and taxes (EBIT is a measure of a firm's profitability that excludes interest and income tax expenses Employment is a Contract between two parties, one being the employer and the other being the employee. A holding company is a company that owns part all or a majority of other companies' outstanding Stock. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located An airport is a location where Aircraft such as airplanes, Helicopters and blimps take off and land It is owned by a consortium led by Grupo Ferrovial, a Spanish firm specialising in infrastructure.

BAA makes money from charging landing fees to airlines and increasingly from retail operations within those airports. Landing fees are a charge paid by an Aircraft to an airport company for landing at a particular Airport. An airline provides air transport services for Passengers or Freight, generally with a recognized operating certificate or license BAA does not operate all UK airports - many are in the ownership of local authorities or other corporations.

Contents 1 History 1.1 Recent Expansion 1.2 Name 2 Controversies 2.1 Heathrow management 2.2 Competition 2.3 Heathrow protest injunction 2.4 Climate change 3 BAA Interests 3.1 Owned and operated by BAA 3.2 Operated by BAA 3.3 Retail management 4 References 5 External links

History

The British Airports Authority was established by the passing of the Airport Authority Act 1966, to take responsibility for four state-owned airports - London Heathrow Airport, London Gatwick Airport, London Stansted Airport and Prestwick International Airport. Gatwick Airport is London 's second largest Airport and the second busiest airport in the United Kingdom after Heathrow. London Stansted Airport is a passenger Airport located in the Uttlesford District of the English County of Essex about 38 miles (61 Glasgow Prestwick Airport (Port-adhair Ghlaschu Phreastabhaig is an International airport serving Glasgow, situated north of the town of Prestwick In the following few years, the authority acquired responsibility for Glasgow International Airport, Edinburgh Airport and Aberdeen Airport. Edinburgh Airport is located in Edinburgh, Scotland, and was the busiest Airport in Scotland in 2007 handling 9047558 passengers Aberdeen Airport is the third largest Airport in Scotland, and one of the UK 's top 10 by number of flight movements.

As part of Margaret Thatcher's moves to privatise government owned assets, the Airports Act 1986 was passed which mandated the creation of BAA plc as a vehicle by which stock market funds could be raised. Margaret Hilda Thatcher Baroness Thatcher LG, OM, PC, FRS (born 13 October 1925 The initial capitalisation of BAA plc was £1,225 million. In the early 1990s, the company sold Prestwick International Airport.

In July 2006, BAA was taken over by a consortium led by Grupo Ferrovial, following a bid which valued the company at £10. 1 billion ($20 billion). ^[1] As a result, the company was delisted from the London Stock Exchange (where it had previously been part of the FTSE100 index) on 15 August 2006, and the company name was subsequently changed from BAA plc to BAA Limited. Delisting refers to the practice of removing the Stock of a company from a Stock exchange so that investors can no longer trade shares of the stock on that exchange The London Stock Exchange or LSE is a Stock exchange located in London, England. The FTSE 100 Index (ˈfʊtsiː footsie, abbreviated Financial Times Stock Exchange Index) is a Share index of the 100 most highly capitalised Events 778 - The Battle of Roncevaux Pass, at which Roland is killed Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar.

Recent Expansion

Recently BAA has expanded into international operations, including retail contracts at Boston Logan International Airport and Baltimore-Washington International Thurgood Marshall Airport (through its subsidiary BAA USA, Inc. Baltimore/Washington International Thurgood Marshall Airport serves the Baltimore-Washington Metropolitan Area ( U ), and a management contract with the City of Indianapolis to run the Indianapolis International Airport (as BAA Indianapolis, Inc. Indianapolis International Airport is a public Airport located seven miles (11 km) southwest of the Central business district of Indianapolis ).

In December 2005, BAA made a winning bid of £1. 2 billion for a 75% stake in Budapest Ferihegy International Airport, the largest airport in Hungary, which was being privatised by the Hungarian government. Budapest Ferihegy International Airport ( Hungarian: Ferihegyi nemzetközi repülőtér or simply Ferihegy) is the international Airport Hungary (Magyarország 'mɔɟɔrorsaːg) officially in English the Republic of Hungary ( Magyar Köztársaság, literally Magyar (Hungarian Republic Following the take-over of BAA by Grupo Ferrovial in 2006, the decision was made to sell the stake in Ferihegy and this was completed in June 2007, when a consortium led by Hochtief AirPort of Germany purchased the stake. Hochtief AirPort is one of the World ’s leading independent airport managers Germany, officially the Federal Republic of Germany ( ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant is a Country in Central Europe. ^[2]

Name

Although the company is adamant that its name is strictly "BAA Limited" and that the letters do not officially stand for anything, it is still widely (albeit erroneously) referred to as the "British Airports Authority" by both the media and the public - even though the Authority officially ceased to exist following the 1986 privatisation.

Controversies

Heathrow management

BAA has garnered criticism for its handling of Heathrow, namely its predominant placement of shops rather than extra security aisles. ^[1] After much criticism for this, BAA has now removed some shops to provide extra security lanes. The Economist writes that retail is important for BAA at Heathrow because, by law, landing charges are much less than those of similar-scope airports and retail shops help make up the difference. The Economist is an English-language weekly news and International affairs publication owned by The Economist Newspaper Ltd and edited in London ^[1]

Competition

The British government has looked into a possible monopoly BAA holds over London's three largest airports. In Economics, a monopoly (from Greek monos, alone or single + polein, to sell exists when a specific individual or enterprise has sufficient London ( ˈlʌndən is the capital and largest urban area in the United Kingdom. ^[1]

Heathrow protest injunction

In July 2007 BAA sought an injunction preventing potential protesters involved in the Camp for Climate Action from approaching its London Heathrow Airport. The Camps for Climate Action are campaign gatherings (similar to Peace camps that take place to draw attention to and to act as a base for Direct action The injunction specifically targeted anyone belonging to, or protesting in the name of, AirportWatch, The No Third Runway Action Group and Plane Stupid. However, Airport Watch members included Friends of the Earth, Greenpeace, the Campaign to Protect Rural England, the World Development Movement, the National Trust and the Royal Society for the Protection of Birds - all of whom were caught by what became known as the 'Mother of all Injunctions'. Friends of the Earth (HK is not a member of Friends of the Earth International Greenpeace, originally known as the Greenpeace Foundation, was founded in Vancouver, British Columbia, Canada in 1972 The Campaign to Protect Rural England ( CPRE) is a registered charity with over 60000 members and supporters The World Development Movement is a membership organisation in the United Kingdom which campaigns on issues of global justice and development in the Global South The Royal Society for the Protection of Birds ( RSPB) is a British Charitable organisation which works to promote conservation and protection ^[3] BAA denied seeking a blanket ban on airport protest. In the end BAA won a very much more limited injunction^[4] and the camp went ahead amid considerable worldwide publicity. ^[5] Afterward, Duncan Bonfield, BAA director of corporate affairs, and Mark Mann, BAA head of media relations, resigned without stating their reasons. ^[6]

Climate change

BAA is a founding member of Flying Matters^[7], a coalition of business groups, trade unions, tourism groups and the aviation industry (airports, airlines, aerospace manufacturers and air traffic control)^[8] launched in June 2007^[9] to "balance the argument around issues of aviation and climate change" arguing that aviation does not contribute significantly to climate change, and that an expansion of aviation will aid the developing world, benefit social justice, and is essential for UK tourism and for the UK economy. Flying Matters is a pro-aviation coalition in the United Kingdom.

BAA Interests

Owned and operated by BAA

• Aberdeen Airport
• Edinburgh Airport
• Glasgow International Airport
• London Gatwick Airport
• London Heathrow Airport
• London Stansted Airport
• Southampton Airport

Operated by BAA

• Naples International Airport (Italy)

Retail management

• Baltimore-Washington International Airport
• Boston Logan International Airport
• Pittsburgh International Airport

References

External links

• BAA - Official website

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