Posts Tagged ‘BAA’


[ReutersHeathrow Ltd, the British airport operator formerly known as BAA, posted a strong rise in full year profit, largely driven by an increase in the fees it charges airlines.

The group also last week unveiled a 3 billion pounds five-year investment plan, which could see passengers facing a rise in ticket prices.

The group also last week unveiled a 3 billion pounds five-year investment plan, which could see passengers facing a rise in ticket prices. Photo: Wikipedia

Ferrovial‘s Heathrow on Monday said its 2012 earnings before interest, tax, depreciation and amortisation rose 11.6 percent to 1.26 billion pounds on revenues 2.46 billion pounds.

The operator has increased airport tariffs by an average of 12.5 percent since April 2011.

The company said passenger traffic at London’s Heathrow, Europe’s busiest airport, rose 0.9 percent to 70 million during the year, while traffic at London Stansted fell 3.2 percent to 17.5 million.

The group last week unveiled a 3 billion pounds five-year investment plan, which could see passengers facing a rise in ticket prices.

Read the original story at Reuters…..


Reuters
Reporting by Rhys Jones, Editing by Brenda Goh
21st Feb, 2013



[BAA] In a note tinged with sadness, BAA’s new CIO Neil Clark announced to his team and to the Heathrow community, that his predecessor Philip Langsdale had passed away suddenly on 22nd December.

Philip Langsdale, ex CIO at BAA dies suddenly just before his 57th birthday

Philip Langsdale, ex CIO at BAA died suddenly a day before his 57th birthday: Photo: Airport Technology

Mr Langsdale was BAA Chief Information Officer serving four years with the UK airports company, he tended his resignation and left his post in August of this year (2012). He moved to a new position taking on the role of Chief Information Officer at the Department for Work and Pensions.

Mr Langsdale replaced Joe Harley as CIO at the DWP in September 2012, his role at BAA was filled by Neil Clark. Mr Clark was previously the Director for IT Programme delivery.

In an email released on the morning of Christmas Eve, Mr Clark said…..

It is with deep sadness that I have to bring you the news that Philip Langsdale passed away on Saturday 22nd December, the day before before his 57th birthday.

He will be remembered fondly by us all. 

I will of course pass our condolences to Philip’s wife and daughters.”

Philip Langsdale will be remembered for his great achievements at BAA. In the 2012 Appleton Lecture at the Institute of Engineering and Technology he explained the systems that Heathrow needed to make the airport run smoothly.

The then CIO of the world’s busiest airport announced that £1.5 billion was to be sunk into improving real-time and decision-making software systems at Heathrow.

We wish to pass on our deepest condolences to Mr Langsdale’s family.


Reporting: ChrisNewman
The Airport Informeer
Dec 31st, 2012



[This is MoneyBAA ditches name to be ‘Heathrow‘ after sell-off of stakes in Gatwick and  Edinburgh.

The company insisted there would be no changes to its management structure

The company insisted there would be no changes to its management structure. Photo: Wikipedia

BAA is changing its name to Heathrow. The  Spanish-owned company that runs some of the UK’s airports said it will be known  as after its largest airport because it no longer represents a large number of  UK terminals.

In 2009, competition authorities forced it to  sell its stakes in Gatwick and Edinburgh, and it has also agreed to offload the  London-serving airport Stansted.

After the rebranding, the group’s other  airports – Glasgow, Southampton and Aberdeen – will also become standalone  brands.

The company insisted there would be no  changes to its management structure, and no redundancies as part of the process.

But it warned there would be delays in  removing its BAA-emblazoned signs from terminals, as well as issuing staff with  uniforms free of its previous insignia.

BAA could not put a time frame on completing  re-branding. The company also said it does not have a figure for how much the  move will cost.

Chief executive Colin Matthews said: ‘The BAA  name no longer fits. We do not represent all British airports. We are not  a……

Read the full story at This is Money…..


This is Money
16th Oct, 2012



[Guardian] Qatar‘s sovereign wealth fund is buying 20% of Heathrow owner BAA in a move that adds the airport operator to a portfolio of British interests including Harrods and stakes in Barclays and J Sainsbury.

Qatar Holdings says it looks forward to working with partners to enhance the industry leadership of BAA. Photo: Wikipedia

Qatar Holdings says it looks forward to working with partners to enhance the industry leadership of BAA. Photo: Wikipedia

Ferrovial, the Spanish conglomerate and the largest shareholder, is to sell a 10.6% stake in BAA’s parent company to Qatar Holding. At the same time two more shareholders have sold shares representing 9.4% of the business to the fund, leaving it with a 20% investment in the owner of the Heathrow, Stansted, Glasgow, Aberdeen and Southampton airports. The total value of the transaction is £900m.

Qatar Holding, funded by proceeds from the world’s third largest gas reserves, said the UK was an “attractive investment destination” and that it saw “long-term fundamental strength in the British economy”. It added: “Qatar Holding looks forward to working together with our fellow shareholders and the management team of BAA to enhance the company’s industry leadership and create sustainable value.”

The transaction represents further retrenchment by Ferrovial from one of the UK’s most bruising foreign takeovers, although the Spanish group denied that it is seeking a full exit. With the ink barely dry on the €16bn takeover of BAA by a Ferrovial-led consortium in 2006, Heathrow buckled under a new security regime following the interruption of a plot to bomb airliners with liquid explosives.

Ferrovial’s reputation took years to recover and in 2010 it announced plans to sell off a chunk of its 55% shareholding, which will stand at less than 40% once the Qatar deal is completed.

At the time Ferrovial, frustrated by a perceived undervaluation of BAA in its share price, said it was selling a stake to get a market value for the asset. However, analysts said it would…….

Read the full story at The Guardian……

 


Dan Milmo – Guardian.co.uk
Friday 17 August, 2012



[Independant] Two suspected Fathers 4 Justice protesters sparked alarm when they breached Heathrow Airport security fences while planes were taking off and landing today.

A similar attempt was made by the protest group to access the airfield in 2009. Photo BAA

A similar attempt was made by the protest group to access the airfield in 2009

Passengers waiting to disembark flights around 1.30pm said they were held on the tarmac as police rushed to arrest the pair. But a BAA spokeswoman said no disruption was caused to flight schedules.

“Two individuals, believed to be from Fathers 4 Justice, breeched the perimeter fence at Heathrow airport and were quickly apprehended,” she said.

‘Fathers 4 Justice’ campaigners

Two Fathers 4 Justice protesters were arrested after unsuccessfully attempting to access the airfield in 2009.

Read the riginal story at The Independant…..


Story Sam Masters

17th June, 2012



[Irish Times] BAA, THE owner of London’s Heathrow Airport, obtained £2.75 billion of loans to refinance debt maturing next year, increasing the size of the facility after lenders oversubscribed the deal.

Lloyds Banking Group and Barclays co-ordinated the deal.  Photo: Wikipedia

Lloyds Banking Group and Barclays co-ordinated the deal. Photo: Wikipedia

The financing includes a five-year, £2 billion revolving credit, split among a £1.5 billion class A portion, a £400 million class B piece and a £100 million working capital facility, according to a statement from London-based BAA.The class A loan pays interest of 150 basis points more than the London interbank offered rate and the class B pays 225 basis points more than Libor. A basis point is 0.01 percentage point.

The loans, which mature in 2017, will replace a similar facility signed in 2008 and due in August 2013, BAA said. Lloyds Banking Group and Barclays co-ordinated the deal, which attracted about £4 billion of commitments from 17 relationship banks, allowing the company to increase the size from an original target of £2.1 billion, BAA said.

The amount outstanding in the existing revolving credit has been reduced to about £425 million through bond sales, and more notes will be issued to repay the remainder before maturity. – (Bloomberg)

Read the original story at The Irish Times….. 


The Irish Times 
Tuesday, June 12, 2012



[Saffron Walden Reporter] Airports operator BAA has been granted a further reprieve against selling Stansted after the Court of Appeal ruled in the firm’s favour.

The Competition Commission decided that BAA must sell Stansted

The Competition Commission decided that BAA must sell Stansted. Photo: Wikipedia

Today’s decision means the company can now appeal against the Competition Appeal Tribunal’s judgment on February 1 which had backed the Competition Commission’s decision that BAA must sell Stansted, Gatwick and one of its two Scottish airports, Edinburgh or Glasgow.

Gatwick was auctioned off in 2009, while the sale of Edinburgh was announced in April this year.

A BAA spokesman said: “We are pleased that permission to appeal has been granted and look forward to presenting our arguments before the Court of Appeal.”

  Read the original story at The Saffron Walden Reporter…..


SW Reporter
Monday, May 28, 2012 



[Financial Times Online] Heathrow airport’s owner will be free to make the case for a third runway during the government’s long-awaited consultation on how to preserve Britain’s status as a leading aviation hub, the transport minister has declared.

Theresa Villiers said BAA, Heathrow’s operator, could lobby for a change of policy.   Photo: Wikipedia

Theresa Villiers said BAA, Heathrow’s operator, could lobby for a change of policy. 
Photo: Wikipedia

In an interview, Theresa Villiers, whose responsibilities include aviation, reiterated the government’s opposition to expansion of Heathrow but said BAA, Heathrow’s operator, could lobby for a change of policy. High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/2ba3e730-a0ea-11e1-851f-00144feabdc0.html#ixzz1vQGPiZKd

Ms Villiers hit back at the government’s aviation critics, denying the decision to reject the previous Labour administration’s plan for a third runway at Heathrow was a pitch to secure votes in west London, where residents object to the noise generated by jets flying into the airport.

She also strongly rejected suggestions that ministers were being “slow” by not coming to a conclusion on how to respond to Britain’s hub airport capacity crunch until the spring of next year.

The government has delayed a consultation document about airport capacity issues from March to the summer, and BAA has signalled it could take legal action if ministers refused to consider responses that make the case for Heathrow expansion.

Ms Villiers highlighted how the general election manifestos of both the Conservatives and the Liberal Democrat opposed a third runway at Heathrow, but said: “If BAA want to come along and argue for a different approach – of course we’ll consider their representations and the evidence that they submit.”

Heathrow, the UK’s only hub airport, is operating near full capacity, and BAA claims Britain risks missing out on trade worth £14bn over the next decade because the airport is struggling to support aviation links to fast-growing emerging markets.

Ms Villiers responded by saying the government had to balance the needs of the economy with concerns about the environmental impact of aviation.

“We have to make a decision, as a government, based on the evidence of what’s best for our economy and UK plc,” she said.

“The commercial interest of BAA is one thing – it’s not necessarily the same as the economic needs of the overall economy. We have a wider picture to look at.”

Some in the aviation industry consider Heathrow’s expansion to be the only affordable way of preserving the UK’s position as a leading aviation hub, although Lord Foster, the architect, has proposed a new airport in the Thames estuary.

While acknowledging that Heathrow was “very full”, Ms Villiers questioned whether the UK was suffering from a…….

Read the full story at FT.com


By Andrew Parker
May 20, 2012



[Airport Informer] This afternoon Philip Langsdale resigned from his post as Chief Information Officer at BAA Heathrow Airport to move to the Department for Work and Pensions.

Colin Matthews, CEO of Heathrow said earlier: "This is a great opportunity for Philip"

Only days after giving a keynote speeech on the future on the IT investment strategy for BAA in Heathrow, Philip Langsdale is leaving the company.

Philip Langsdale gave 2012’s Appleton Lecture at the Institute of Engineering and Technology and explained the systems that Heathrow needed to make the airport run smoothly.

The CIO of the world’s busiest airport announced that £1.5 billion was to be sunk into improving real-time and decision-making software systems at Heathrow.

In a note to community members this afternnon Colin Matthews, Chief Executive of Heathrow said,

“I am sorry to confirm that after 4 years with BAA as Chief Information Officer, Philip Langsdale is leaving us to take on the role of Chief Information Officer at the Department for Work and Pensions.”

“This is a great opportunity for Philip and we are certainly proud that he has been chosen to take on this big and important task”,  he continued.

“I would like to thank Philip for his great contribution to improving IT at BAA with a firm focus of making every journey better for our passengers. Also for his exceptional work in leading the winter resilience programme”.

“Philip will be leaving at the end of August. An announcement will be made in due course about his successor”.

“Along with my Executive team, colleagues in IT and across our airports I know you join me in wishing Philip the very best in his new role and thank him for his work here at BAA”.

Philip Langsdale Said, “I would like to share the following announcement that Colin Matthews sent out internally today regarding my future”.Note

The announcement was signed by Philip Langsdale and in summing up Langsdale added,

“I will of course keep you fully informed of any changes as a result of this announcement over the coming months.

I won’t be going for some time, so will say my goodbyes to you face-to-face in due course.”


Reporting by Chris Newman
For the Airport Informer
14th May, 202