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Comment: BAA break-up is good for London
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20 August 2008
The sell-off would allow BAA and the potential new owners of Stansted and Gatwick to take stock of their real position at a time when increased fuel costs and public concern about the environmental impact of aviation mean the future of air travel looks very different than it did a decade ago. Certainly these factors should make the Government think again about the case for airport expansion across the board: better airports do not necessarily mean bigger airports. In particular, BAA's case for a third runway at heathrow is far less compelling than it once was, given that about a third of passengers are merely transferring through it to other destinations, adding little to the economy.
BAA should focus its energies on making heathrow work effectively for passengers whose destination is London. There will be no excuse for any repeat of the debacle that attended the opening of T5. Competition and greater focus should make all airports raise their game.
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