12th Dec 2006 13:41
BAA PLC12 December 2006 BAA response to Office of Fair Trading study BAA today responded to the Office of Fair Trading's (OFT) market study on the UK Airports industry which has called for a more detailed investigation by theCompetition Commission into the supply of airport services. Stephen Nelson, Chief Executive of BAA said: "As the operator of the UK's three largest airports, Heathrow, Gatwick andStansted, it is right that BAA's ownership is subject to regular publicscrutiny. Our belief is that BAA's structure has benefited both passengers andairlines and BAA has not abused its monopoly. "The main issue facing the UK is a lack of terminal and runway capacity in theSouth East of England which results in delay and congestion. This problem hasnot arisen because of BAA's structure, but instead is the result of the UK'scomplex planning laws, an antiquated regulatory system and inflexible slotallocation. Lack of capacity is a complex issue therefore it would be wrong tojump to quick and simplistic conclusions about structure. "BAA has both expertise and a strong track record in delivering new airportfacilities and our plans to invest £9.5 billion over the next ten years atHeathrow, Gatwick and Stansted will transform the passenger experience. Ourinvestment in new airport facilities, together with world leading runwayproductivity, has helped create the most vibrant air transport market in Europe, great choice in destinations, low prices for passengers and some of themost profitable airlines in the world. Stephen Nelson, concludes: "I fully understand why airlines like British Airways and Ryanair want to weaken BAA and achieve greater control over prices and investment at the airports they dominate. This should not be confused withacting in the passenger interest." For further information on BAA plc see www.baa.com - Ends - Enquiries: Mark Mann, BAA Duncan Bonfield, BAA Tel: +44 (0)20 7932 6609/6831 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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