Non User
  Index: > A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Business
Non User
 Industries Finance Tax

Home > BAA plc


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. At February 2004, BAA was worth approximately eight billion pounds and was quoted on the London Stock Exchange as part of the FTSE 100 Index.

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.

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, for instance with a ten year retail contract at Boston Logan International Airport.

BAA makes its money from charging landing fees to airlines and also increasingly from the wide range of shops in airport terminals. In the UK, airport shops are exempt from Value Added Tax.

BAA does not operate all UK airports; many are in the ownership of local authorities.

1 List of Airports owned by BAA

2 List of International Airports operated by BAA

Companies of the United Kingdom

Politics Business Finance
BAA Plc Airport Baa Airports London

Topics: BAA Plc Airport Baa Airports London International Authority...

British ColumbiaBritish Columbia or simply B. French: la Colombie-Britannique is the westernmost of Canada's provinces. It was the sixth province to join the confederation of Canada (in 1871). As of 2004, the population was 4,168,123 British Columbians . Geography Its caBritish Indian Ocean TerritoryThe British Indian Ocean Territory (BIOT) comprises some 2300 tropical islands of the Chagos Archipelago in the Indian Ocean, about one-half the way from Africa to Indonesia, around 6°S, 71°30'E. It is an Overseas Territory of the United Kingdom (UK).British Virgin IslandsThe British Virgin Islands are a group of islands located in the northeast Carribean. They include Tortola, Virgin Gorda, Anegada, Jost Van Dyke, Peter Island, Salt Island, Beef Island, Cooper Island, Ginger Island, Norman Island, and many other small isl
British IslesThe British Isles is a traditional term used to identify the group of islands off the northwest coast of Europe consisting of Great Britain, Ireland and the many smaller adjacent islands. These islands form an archipelago of more than 6,000 islands off thBritish and Irish LionsThe British and Irish Lions (formerly the British Lions 1 are a Rugby Union side comprising the pick of the best players from the four home unions, i. England, Wales, Scotland and Ireland. The Lions are exclusively a touring team, and play the traditionalBritishThe word British has several different uses. See the article on Britain for more details. In a geographical context, it usually applies to a person or object from, or the people or nation of ("the British") the island of Great Britain though, confusingly,
British AirwaysBritish nationality lawBritish Library
British EnglishBritish OpenBritish National Party
British RailBritish thermal unitBritish political scandals


Non User