Ryanair to bid for Stansted?
Ryanair boss Michael O’Leary has indicated an interest in acquiring Stansted airport from BAA for as much as £2 billion.
The outspoken budget airline boss, a long time critic of the airports operator, is quoted as saying he is convinced the Competition Commission will recommend a break up of BAA.
“We’d be in like a bandit,†he is quoted as saying in the Daily Telegraph last week.
“I’d take it up from 24 million passengers today to more than 40 million by halving landing fees for all.â€
Stansted is Ryanair’s biggest hub accounting for more than 40 aircraft this summer. But O’Leary has openly attacked BAA’s planned £4 billion investment in the airport, claiming a second runway could cost £150 million and a second terminal £250 million.
Ryanair is reducing capacity at Stansted by 15 aircraft this winter in protest against high landing fees.
O’Leary suggests that as a result of the Competition Commission’s probe, BAA may have to offload each of London’s main airports – Heathrow, Gatwick and Stansted.
BAA stressed that Stansted was not for sale.
by Phil Davies
Phil Davies
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