Newspaper article from our research archive:

Debts soaring as Ferrovial offloads [pounds sterling]1 billion of takeover loan.

Byline: Karl West

Dec. 20--A 62 percent JUMP in debt at BAA has once again sparked doubts about the British airport group's ability to fund expansion plans at Heathrow and Stansted.

The owner of London's three biggest airports is up to its neck in red ink as debt ballooned to [pounds sterling]5.7 billion in the six months to the end of September. BAA's new Spanish owner Ferrovial is itself heavily overdrawn after borrowing [pounds sterling]9 billion to finance June's [pounds sterling]10.3 billion acquisition of the company.

The [pounds sterling]2.2 billion hike in BAA's liabilities in the first-half was mainly the result of Ferrovial loading around [pounds ...

Related newspaper, magazine, and journal articles:

See all results. Or, try our Advanced Search.

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 60 million articles! Access over 3,500 publications with a FREE trial!