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Article: BAA on runway to expand overseas
- Article from:
- The Sunday Telegraph London
- Article date:
- April 1, 2007
- Author:
CopyrightCopyright 2007 The Sunday Telegraph London. Provided by ProQuest LLC. (Hide copyright information)
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BAA is to expand its airport empire by bidding for airports in the
United States and Portugal, according to a senior executive.
The Spanish-owned operator of seven UK airports, including
Heathrow, Gatwick and Stansted, will enter the bidding war for
Chicago Midway airport and Portuguese airport operator, ANA
Aeroportos de Portugal, when they are privatised later this year.
Although BAA is in the process of selling off interests in
airports in Australia, Budapest and Naples, the source said the
company was interested in expanding overseas where it can buy
controlling or fully-owned interests in the airports.
A spokesman for BAA declined to confirm whether or not the company
would bid, but ...