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BAA May Be Forced To Sell TWO London Airports!  
User currently offlineKaitak From Ireland, joined Aug 1999, 12595 posts, RR: 34
Posted (6 years 4 months 1 week 2 days ago) and read 5693 times:

According to the FT, today:

http://www.ft.com/cms/s/0/b6f83f5c-6...3-0000779fd18c.html?nclick_check=1

That'll have Ferrovial's bosses choking on their castanets. (Yes, I know they don't usually eat them!)

We had a thread on this a few days ago, which I can't find, but based on the likelihood that the BAA could be forced to sell two airports not, rather than one - as speculated, I think it deserves a thread on its own.

Again, of course, most people will assume that this will be LGW and STN, but I still say that LHR is the one that most needs new ownership.

Line up - Schiphol, Changi, Manchester Airports Group, Fraport ...

21 replies: All unread, jump to last
 
User currently offlineIkramerica From United States of America, joined May 2005, 21583 posts, RR: 59
Reply 1, posted (6 years 4 months 1 week 1 day 23 hours ago) and read 5655 times:



Quoting Kaitak (Thread starter):
Again, of course, most people will assume that this will be LGW and STN, but I still say that LHR is the one that most needs new ownership.

I am more and more convinced that LHR will be sold to Dubai when all is said and done. They will make an offer the BAA can't refuse. Just like the offer for P&O that bought Dubai World Ports a large chunk of British maritime assets.



Of all the things to worry about... the Wookie has no pants.
User currently offlineEghansen From , joined Dec 1969, posts, RR:
Reply 2, posted (6 years 4 months 1 week 1 day 23 hours ago) and read 5641 times:



Quoting Ikramerica (Reply 1):
I am more and more convinced that LHR will be sold to Dubai when all is said and done.

It seems like an extraordinary thing to someone of American sensibilities.

There is simply no way that the US Government would ever allow any American airport to be owned by Dubai. I doubt they would allow any major airport to be owned by any foreign entity at all.


User currently offlineANstar From United Kingdom, joined Nov 2003, 5316 posts, RR: 7
Reply 3, posted (6 years 4 months 1 week 1 day 23 hours ago) and read 5624 times:



Quoting Eghansen (Reply 2):
There is simply no way that the US Government would ever allow any American airport to be owned by Dubai

And since when has LHR been owned by the Americans?


User currently offlineIkramerica From United States of America, joined May 2005, 21583 posts, RR: 59
Reply 4, posted (6 years 4 months 1 week 1 day 23 hours ago) and read 5620 times:



Quoting Eghansen (Reply 2):
I doubt they would allow any major airport to be owned by any foreign entity at all.

Well, P&O already owned many US ports. It was when P&O was sold to Dubai that we got upset, because just because we allow a 150+ year ally in the British to own a port doesn't mean that it can then be sold at will to just anyone. So now there is an intermediary involved as a buffer between Dubai and the USA.

A Hong Kong megacompany also owns ports in the USA, and when Hong Kong changed from British to Chinese rule, those ports technically became owned by Chinese companies. At least that's how I understand the history.



Of all the things to worry about... the Wookie has no pants.
User currently offlineIkramerica From United States of America, joined May 2005, 21583 posts, RR: 59
Reply 5, posted (6 years 4 months 1 week 1 day 23 hours ago) and read 5616 times:



Quoting ANstar (Reply 3):
And since when has LHR been owned by the Americans?

He was stating that in the USA we couldn't fathom a similar situation, not that America owns LHR.

And the LHR situation would be similar to the Dubai ports, in that it would have first been sold to a close ally (the Spanish) who then turn around and sell it to a less secure ally, the UAE. We'll see what happens, but considering the British have no problem selling the rest of their infrastructure in this way, I can't see them protesting too much.



Of all the things to worry about... the Wookie has no pants.
User currently offlinePITrules From United States of America, joined Jun 2000, 3255 posts, RR: 6
Reply 6, posted (6 years 4 months 1 week 1 day 23 hours ago) and read 5610 times:



Quoting ANstar (Reply 3):
And since when has LHR been owned by the Americans?

I'm wondering the same thing.......



FLYi
User currently offlineANstar From United Kingdom, joined Nov 2003, 5316 posts, RR: 7
Reply 7, posted (6 years 4 months 1 week 1 day 22 hours ago) and read 5591 times:



Quoting Ikramerica (Reply 5):
He was stating that in the USA we couldn't fathom a similar situation, not that America owns LHR.

Yes - I understand now, thanks for the clarification  Smile


User currently offlinePITrules From United States of America, joined Jun 2000, 3255 posts, RR: 6
Reply 8, posted (6 years 4 months 1 week 1 day 22 hours ago) and read 5586 times:



Quoting Ikramerica (Reply 4):
Well, P&O already owned many US ports. It was when P&O was sold to Dubai that we got upset, because just because we allow a 150+ year ally in the British to own a port doesn't mean that it can then be sold at will to just anyone.

US ports were never to be sold to Dubai; however I believe what was to be "sold" was the day-to-day management operations of the facilities, which were to be continued to be owned by US interests. Correct me if I'm wrong..



FLYi
User currently offlineFlySSC From United States of America, joined Aug 2003, 7428 posts, RR: 57
Reply 9, posted (6 years 4 months 1 week 1 day 22 hours ago) and read 5555 times:

Come on A.D.P !!! Let's buy LHR !  duck 


 rotfl   rotfl   rotfl   rotfl 


User currently offlineJamesontheroad From United Kingdom, joined Jul 2005, 556 posts, RR: 1
Reply 10, posted (6 years 4 months 1 week 1 day 21 hours ago) and read 5458 times:

This whole regulatory break-up only serves to stir up interest in this sale. Ferrovial must be delighted: after a relatively small investment in our rather shabby airports, they're surely going to walk away from this with a substantial profit...

User currently offlineAirNZ From , joined Dec 1969, posts, RR:
Reply 11, posted (6 years 4 months 1 week 1 day 20 hours ago) and read 5374 times:



Quoting Eghansen (Reply 2):
It seems like an extraordinary thing to someone of American sensibilities.

There is simply no way that the US Government would ever allow any American airport to be owned by Dubai. I doubt they would allow any major airport to be owned by any foreign entity at all.

But then again, many 'American sensibilities' are strange to many other people.

Quoting Eghansen (Reply 2):
There is simply no way that the US Government would ever allow any American airport to be owned by Dubai. I doubt they would allow any major airport to be owned by any foreign entity at all.



Quoting Ikramerica (Reply 5):
He was stating that in the USA we couldn't fathom a similar situation, not that America owns LHR.

And the LHR situation would be similar to the Dubai ports, in that it would have first been sold to a close ally (the Spanish) who then turn around and sell it to a less secure ally, the UAE. We'll see what happens, but considering the British have no problem selling the rest of their infrastructure in this way, I can't see them protesting too much.

On a thread which has a clear title I'm curious as to why there seems such a 'fascination' from you (now a couple of posts) about what the UK will do as opposed to supposedly the US. The thread is about London airports, so of what relevance are your comments on British infrastructure or protests?


User currently offlineIkramerica From United States of America, joined May 2005, 21583 posts, RR: 59
Reply 12, posted (6 years 4 months 1 week 1 day 14 hours ago) and read 5109 times:



Quoting AirNZ (Reply 11):
The thread is about London airports, so of what relevance are your comments on British infrastructure or protests?

With two London airports on the block, you can't see a connection between the sale of two airports to a new foreign entity and the previous sale of these airports to a foreign entity? How is a discussion about the potential buyer irrelevant? Since when is LHR (or LGW for that matter) not an essential part of British infrastructure? And considering how many British and USA assets have recently been sold to the UAE, how is mentioning them irrelevant?

I was wondering how the British people would react to such a sale of LHR? In the USA, we would get all in a tiff about it. Would the British feel the same way?

It's not a judgment call, it's a question.



Of all the things to worry about... the Wookie has no pants.
User currently offlineAirbusA6 From United Kingdom, joined Apr 2005, 2037 posts, RR: 0
Reply 13, posted (6 years 4 months 1 week 1 day 11 hours ago) and read 4888 times:



Quoting Ikramerica (Reply 12):
I was wondering how the British people would react to such a sale of LHR? In the USA, we would get all in a tiff about it. Would the British feel the same way?

It already has been sold to a foreign buyer! Personally I hope Changi buys one of our airports, if LGW say could be half as good as SIN I'd be a happy man  Smile



it's the bus to stansted (now renamed national express a4 to ruin my username)
User currently offlineAirportPlan From United States of America, joined Jan 2004, 469 posts, RR: 3
Reply 14, posted (6 years 4 months 1 week 1 day 10 hours ago) and read 4601 times:



Quoting Eghansen (Reply 2):
There is simply no way that the US Government would ever allow any American airport to be owned by Dubai. I doubt they would allow any major airport to be owned by any foreign entity at all.

Think again. Last year the FAA authorized four US commercial airports to be leased to private owners. MDW is scheduled to be the first large hub US airport to leased. This deal is currently scheduled to be finalized early next year. There are no US lead firms on the shortlist of potential suitors. Other major US airports are watching very closely. The MDW deal is expected to open a flood gate of privatization deals by US cities and airport authorities who desperately need cash.


User currently offlineImperialEagle From United States of America, joined Jan 2006, 2630 posts, RR: 22
Reply 15, posted (6 years 4 months 1 week 1 day 9 hours ago) and read 4457 times:



Quoting Eghansen (Reply 2):
There is simply no way that the US Government would ever allow

Time changes everything.
Best to never say never!



"If everything seems under control, you're just not going fast enough!"
User currently offlinePlanesarecool From United Kingdom, joined Nov 2001, 4124 posts, RR: 11
Reply 16, posted (6 years 4 months 1 week 1 day 9 hours ago) and read 4413 times:



Quoting AirbusA6 (Reply 13):
if LGW say could be half as good as SIN I'd be a happy man

With one runway and two terminals too small for their operation, Gatwick won't be as good as Singapore whoever is running it. BAA have actually done a pretty good job with Gatwick, and I'd be more than happy to see them keeping it.


User currently offlineHT From Germany, joined May 2005, 6525 posts, RR: 23
Reply 17, posted (6 years 4 months 1 week 1 day 8 hours ago) and read 4105 times:



Quoting Kaitak (Thread starter):
Again, of course, most people will assume that this will be LGW and STN, but I still say that LHR is the one that most needs new ownership.

OTOH, even a competition watchdog will not be able to force you to sell off the most valuable asset in BAA's portfolio. If they are after competition in the London-area, I join the ranks of people who speculate that BAA will have to let go their control of LGW and/or STN.
If the aim is to increase competion for all carriers, LGW is the first choice.
If minus LGW BAA still has a too big market share in the London area, additionally STN could be the victim.

Add to this either GLA or EDI - more likely EDI, as Glasgow officially has a second (non-BAA) airport with PIK.

For the record: U.K. airports owned by BAA are: ABZ, EDI, GLA, STN, LHR, LGW and SOU.
-HT



Carpe diem ! Life is too short to waste your time ! Keep in mind, that today is the first day of the rest of your life !
User currently offlineMisbeehavin From United States of America, joined Mar 2005, 914 posts, RR: 3
Reply 18, posted (6 years 4 months 1 week 1 day 8 hours ago) and read 4038 times:



Quoting Eghansen (Reply 2):
It seems like an extraordinary thing to someone of American sensibilities.

There is simply no way that the US Government would ever allow any American airport to be owned by Dubai. I doubt they would allow any major airport to be owned by any foreign entity at all.

It is an extraordinary to general American sensibilities. But that's what I fins most extraordinary of all. It doesn't quite go with the overall capitalist mindset we have in this country. Makes no sense. But then lots of things we do and think as a nation make no sense if one looks at a global picture.

Quoting FlySSC (Reply 9):
Come on A.D.P !!! Let's buy LHR !

LOL! I was wondering why ADP wasn't on that list! Scary part is, anything ADP does to LHR if the were to gain control will be an improvement!

Quoting Ikramerica (Reply 12):
I was wondering how the British people would react to such a sale of LHR? In the USA, we would get all in a tiff about it. Would the British feel the same way?

I suspect the British people wouldn't really care, and would be happy or pissed depending on the changes made to the airport. If an airport is suddenly owned by a non-UK company, it doesn't become any less British, or any less secure. What's the big deal, really? The Brits aren't near as paranoid about unimportant things as we are as a nation.

Quoting AirportPlan (Reply 14):
Last year the FAA authorized four US commercial airports to be leased to private owners

Yep. I don't think any American airports are privately owned in the first place. Managed or operated privately, sure, but ownership remains in the hands of the City / County / State in question.


User currently offlineSuperhub From Hong Kong, joined Jan 2006, 478 posts, RR: 0
Reply 19, posted (6 years 4 months 1 week 1 day 6 hours ago) and read 3739 times:



Quoting Ikramerica (Reply 12):
I was wondering how the British people would react to such a sale of LHR? In the USA, we would get all in a tiff about it. Would the British feel the same way?

Well, BAA (the owner of Heathrow) is actually majority-owned by a Spanish company. A lot of British infrastructures are owned by foreign companies already. The largest shipping port in the UK is owned by a Hong Kong conglomerate.


British Energy was almost sold to the Energie de France (a deal backed by the UK government) but the shareholders rejected it. Many of the English football clubs are foreign-owned as well. The British people will moan here and there but at the end of the day will just accept it.


User currently offlineEghansen From , joined Dec 1969, posts, RR:
Reply 20, posted (6 years 4 months 1 week 1 day 6 hours ago) and read 3675 times:



Quoting Ikramerica (Reply 4):
Well, P&O already owned many US ports.

Sorry, but this is completely wrong. P&O never owned any ports in the US. They leased space in them and operated out their leased space. Just as the airlines lease space at airports, but do not own them.

The ports in New York are all owned by the Port Authority of New York and New Jersey. ThePAofNYNJ also owns LGA, JFK and EWR.

LA's ports are owned by the City of Los Angeles and City of Long Beach. CofLA also owns LAX and ONT. Where I live, there is the Port Authority of San Diego.

It is this way in all the commercial ports in the US as far as I know.

Quoting Misbeehavin (Reply 18):
It doesn't quite go with the overall capitalist mindset we have in this country. Makes no sense.

That is true. I think it has something to do with the original legislation founding the FAA. As someone who has worked with them, they are an unusually strong and dictatorial agency which jealously guards its power and prerogatives. Somebody who knows something of the history of the FAA can probably enlighten us on why.


User currently offlineBwvilla From Germany, joined Jan 2008, 76 posts, RR: 0
Reply 21, posted (6 years 4 months 1 week 1 day 5 hours ago) and read 3460 times:



Quoting Misbeehavin (Reply 18):
Yep. I don't think any American airports are privately owned in the first place. Managed or operated privately, sure, but ownership remains in the hands of the City / County / State in question.

How about ILN (Wilmington) - isn't that owned (at the moment) by a German company?



lhr-sin-bru-cgn-???
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