The Worlds Leading Airport Company
BAA is a leading airport operator. We operate our airports in a way that seeks to meet the needs of passengers and airlines while at the same time providing an appropriate return on investment.
We are regulated on prices by the Civil Aviation Authority (CAA) and the Competition Commission and by the Government and the CAA on all aspects of safety and security. We have a clear accountability to both public duty as well as to our passengers and our shareholders. BAA is owned by ADI Limited, a consortium led by Grupo Ferrovial, and also including Caisse de depot et placement du Quebec and GIC Special Investments.
We know that BAA is, and must be, a responsible custodian and developer of public assets, a good employer, a co-operative partner with government, an equitable partner to airlines, and a good neighbour in the communities where our airports are located, as well as an excellent business.
BAA is a leading airport operator. We operate our airports in a way that seeks to meet the needs of passengers and airlines while at the same time providing an appropriate return on investment.
We are regulated on prices by the Civil Aviation Authority (CAA) and the Competition Commission and by the Government and the CAA on all aspects of safety and security. We have a clear accountability to both public duty as well as to our passengers and our shareholders. BAA is owned by ADI Limited, a consortium led by Grupo Ferrovial, and also including Caisse de depot et placement du Quebec and GIC Special Investments.
We know that BAA is, and must be, a responsible custodian and developer of public assets, a good employer, a co-operative partner with government, an equitable partner to airlines, and a good neighbour in the communities where our airports are located, as well as an excellent business.
The worlds leading Airport company - 01/08/2010
BAA announces sale of US retail contractsBAA today announces the sale of its US retail management contracts business for USD 50m (GBP 32m) to AMU Holdings Inc., a wholly-owned subsidiary of Prospect Capital Corporation.
The sale reflects BAA's ongoing strategy to divest non-core assets. The US business represents four retail development contracts at Pittsburgh International Airport, Boston Logan International Airport, Cleveland Hopkins International Airport and Baltimore-Washington Thurgood Marshall International Airport, with various expiries between 2017 and 2022.
The sale is unconditional and closed on Friday, 30th July 2010.
Further information from: -
Malcolm Robertson, BAA Limited, 07788 567680
Don Hunter, Finsbury, +44 (0) 207 251 3801