BAA is set to mount one last challenge to the Competition Commission’s order to sell Stansted Airport.Business Weekly understands lawyers are preparing a final appeal to the Supreme Court.
Privately, however, BAA sources say they believe the die is cast and that the airport – located midway between the UK’s financial centre of London and the Cambridge technology cluster – will officially be put up for sale, probably this autumn.
The Competition Commission ordered BAA to sell Stansted and one of its Scottish Airports to break up what it considered an unhealthy monopoly.
BAA has consistently disputed the assumption but if it loses a Supreme Court challenge the Essex hub will go into an international auction.
The timing of a sale could hardly be worse given the poor economic climate across Europe and globally.