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Encyclopedia > BAA plc
BAA plc
Type Public (LSE: BAA)
Founded December 13 1985
Location London, United Kingdom
Key people Mike Clasper (CEO)
Marcus Agius (Chairman)
Industry Transport
Products Airport operations and services
Revenue £2,232 million GBP (2006)
Operating income £710 million
Employees 12,471 (2005)
Website http://www.baa.com/

BAA plc is the owner and operator of seven major United Kingdom airports and operator of several airports worldwide, making the company one of the largest transport companies in the world. It is traded on the London Stock Exchange and is a constituent of the FTSE 100 Index. At June 2005 its market capitalisation was approximately 6.6 billion pounds. Image File history File links BAA_plc. ... A public company is a company owned by the public rather than by a relatively few individuals. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... London is the capital city of the United Kingdom and of England and is the most populous city in the European Union. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... This page as shown in the aol 9. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... The Financial Times Stock Exchange Index of 100 Leading Shares, or FTSE 100 Index (pronounced footsie), is a share index of the 100 largest companies listed on the London Stock Exchange. ... Market capitalization, often abbreviated to market cap, mkt. ...


BAA makes its money from charging landing fees to airlines and also increasingly from the wide range of shops in airport terminals. BAA does not operate all UK airports; many are in the ownership of local authorities. An airline is an organization providing aviation services to passengers and/or cargo. ...

Contents


History

The British Airports Authority was established by the passing of the Airport Authority Act 1966, to take responsibility for four state-owned airports - London Heathrow Airport, London Gatwick Airport, Stansted Airport and Prestwick International Airport. In the next few years, the authority acquired responsibility for Glasgow International Airport and Edinburgh Airport. London Heathrow Airport (IATA: LHR, ICAO: EGLL), often referred to as Heathrow, is the busiest airport in the world in terms of international passenger traffic. ... Gatwick Airport (IATA: LGW, ICAO: EGKK) is Londons second airport and the second busiest airport in the UK after Heathrow in terms of passengers per year. ... Terminal building, designed by Sir Norman Foster Stansted Airport is a medium-sized passenger airport with a single runway, located in the English county of Essex about thirty miles north of London. ... Glasgow Prestwick International Airport (IATA Airport Code: PIK, ICAO code: EGPK) is a facility situated north of the town of Prestwick in Ayrshire, Scotland. ... Glasgow International Airport (IATA: GLA, ICAO: EGPF), located 8 miles (13 km) west of Glasgow, near the towns of Paisley and Renfrew, is the largest international airport in Scotland, and fifth largest in the UK in terms of annual passenger throughput. ... Edinburgh Airport (IATA: EDI, ICAO: EGPH), (also called Turnhouse) located in Edinburgh, Scotland, is the eighth largest international airport in the UK. It is located 8 miles (13 km) west of the city centre. ...


As part of Margaret Thatcher's moves to privatise government owned assets, the Airports Act (1986) was passed which mandated the creation of BAA plc as a vehicle by which stock market funds could be raised; the initial capitalisation of BAA plc was £1,225 million. In the early 1990's, the company sold off Prestwick. More recently it has expanded into international operations, including retail contracts at Boston Logan International Airport and Baltimore-Washington International Thurgood Marshall Airport (through subsidiary BAA USA, Inc.), and a total management contract with the City of Indianapolis to run entirely the Indianapolis International Airport (as BAA Indianapolis, Inc.). Margaret Hilda Thatcher, Baroness Thatcher, LG, OM, PC, FRS (born 13 October 1925) was Prime Minister of the United Kingdom from 1979 to 1990. ... KBOS is the airport identification code. ... KBWI Airport Diagram Baltimore-Washington International Airport serves the Baltimore, Maryland and Washington, DC metro-region. ... The Indianapolis skyline Indianapolis is the capital of the U.S. state of Indiana. ... Runway layout at IND Indianapolis International Airport (IATA: IND, ICAO: KIND) is an airport located in Indianapolis, Indiana. ...


In December 2005, BAA made a winning bid of £1.2 billion for a 75% stake in Ferihegy, the largest airport in Hungary, which was being privatised by the Hungarian government. [1] Budapest Ferihegy International Airport ( Hungarian: Ferihegy Repülőtér or simply Ferihegy) is the only airport serving the capital city of Budapest, and is one of only two international civilian airports in all of Hungary. ...


Ferrovial takeover

In February 2006, BAA rejected a $15.4 billion preliminary takeover bid from Grupo Ferrovial, a Spanish firm that specializes in infrastructure and which has been working on an offer since February. The bid shot up the shareprice to over £8. The British Regulators gave Ferrovial until 24 April 2006 to make a new bid. Ferrovial Consortium reiterated its 810p offer, duely rejected making it a hostile bid. Following the European Commission approving the bid (in line with anti-trust regulation), on 25 May 2006 the Office of Fair Trading announced it was examining the UK airport market - just after the publishing of the second defense document of BAA claiming shares are worth over 940p - hitting the shares by 45p, nearly 6%, in one day of trading. Ferrovial Group (Grupo Ferrovial) is a Spanish company involved in construction, infrastructure, real estate and related services. ... April 24 is the 114th day of the year in the Gregorian Calendar (115th in leap years). ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... The European Commission (formally the Commission of the European Communities) is the executive body of the European Union. ... May 25 is the 145th day of the year in the Gregorian calendar (146th in leap years). ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...


On 5 June 2006 a 950p per share sale was agreed. [2] June 5 is the 156th day of the year in the Gregorian calendar (157th in leap years), with 209 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...


Name

Although the company is adamant that its name is strictly "BAA plc" and that the letters do not officially stand for anything, it is still widely (albeit erroneously) referred to as the "British Airports Authority" by both the media and the public - even though the Authority officially ceased to exist following the the 1986 privatisation.


BAA Interests

Owned by BAA

Aberdeen Airport (IATA: ABZ, ICAO: EGPD) is the fourth largest international airport in Scotland, and number 9 in the UK. The airport is located in Dyce, approximately 7 miles (11 km) north of Aberdeen city centre. ... Ferihegy control tower Budapest Ferihegy International Airport (Hungarian: Ferihegyi Nemzetközi RepülÅ‘tér or simply Ferihegy) (IATA: BUD, ICAO: LHBP) is the only airport serving the capital city of Budapest, and the largest among the countrys four international airports. ... Edinburgh Airport (IATA: EDI, ICAO: EGPH), (also called Turnhouse) located in Edinburgh, Scotland, is the eighth largest international airport in the UK. It is located 8 miles (13 km) west of the city centre. ... Glasgow International Airport (IATA: GLA, ICAO: EGPF), located 8 miles (13 km) west of Glasgow, near the towns of Paisley and Renfrew, is the largest international airport in Scotland, and fifth largest in the UK in terms of annual passenger throughput. ... Gatwick Airport (IATA: LGW, ICAO: EGKK) is Londons second airport and the second busiest airport in the UK after Heathrow in terms of passengers per year. ... London Heathrow Airport (IATA: LHR, ICAO: EGLL), often referred to as Heathrow, is the busiest airport in the world in terms of international passenger traffic. ... It has been suggested that Stop Stansted Expansion be merged into this article or section. ... Southampton Airport (IATA: SOU, ICAO: EGHI) is the 20th largest airport in the UK, located in Eastleigh near Southampton. ...

Operated by BAA

Alice Springs Airport (IATA: ASP, ICAO: YBAS) is a small regional airport located in Alice Springs, Northern Territory, Australia. ... Darwin International Airport (IATA: DRW, ICAO: YPDN) is the primary airport serving Darwin, Northern Territory, Australia. ... Launceston Airport is the airport of Launceston, Tasmania. ... Melbourne Airport (IATA: MEL, ICAO: YMML) is located to the north of the city, adjacent to the suburb of Tullamarine, Victoria, Australia. ... Perth Airport (IATA: PER, ICAO: YPPH) is an Australian domestic and international airport located in Belmont, Western Australia and is the main airport servicing Perth, Western Australia. ... Tennant Creek Airport is a small regional airport located one kilometre from Tennant Creek, Australia. ... Runway layout at IND Indianapolis International Airport (IATA: IND, ICAO: KIND) is an airport located in Indianapolis, Indiana. ... Naples International Airport is the airport serving Naples, Italy. ...

Retail management

Baltimore-Washington International Thurgood Marshall Airport (IATA: BWI, ICAO: KBWI) serves the Baltimore-Washington Metropolitan Area in the United States. ... KBOS is the airport identification code. ... Pittsburgh International Airport (IATA: PIT, ICAO: KPIT) is situated at the Pittsburgh suburb of Findlay at the future intersection of I-376 and I-576. ...

External link


  Results from FactBites:
 
BAA USA - Privacy (1263 words)
BAA USA may disclose your PII to our affiliates and agents, as well as some third party suppliers and service providers to directly or indirectly provide you with services or information, and we may need to share your PII with them in order to permit them to provide such services or information.
All BAA USA and Elias/Savion Interactive Inc. personnel are informed of and required to abide by the requirements of this Privacy Policy, and access is limited to those individuals who require access in order to provide services in connection with the BAA USA Web Site.
BAA USA will make reasonable efforts to respond promptly to all such requests, but reserves the right to limit such requests to two per year per individual.
  More results at FactBites »


 

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