Tue, 22 Jan 2013 | BUSINESS SALE
Stansted Airport has been sold by BAA following pressure from the Competition Commission.
BAA, which is now known as Heathrow Airport Holdings, has sold Stansted to the Manchester Airports Group in a deal rumoured to be worth £1.5 billion.
John Dugmore, chief executive of Suffolk Chamber of Commerce, told the Cambridge News: “There is no doubt that Stansted is a key economic driver of the regional economy.
“That is why business across the east was growing increasingly concerned at the lack of clarity of future ownership. The news that Manchester Airports Group, who have a good track record of working with business, is the new owner is good news for local firms and good news for the local economy.”
The sale will put the three main London airports – Stansted, Heathrow and Luton - in competition with each other, a move that has been welcomed by businesses in the area.
It is thought that Stansted's new owner, which is made up of the ten borough councils of Greater Manchester, might consider launching cheaper long-flights from Stansted in an effort to give the airport the edge over its competitors.
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