BAA Consents To Sell Stansted Airport After Lengthy Appeals

Law360, New York (August 20, 2012, 2:58 PM EDT) -- BAA Airports Ltd. has agreed to sell Stansted Airport near London in order to fend off regulators' antitrust concerns following the British company's latest unsuccessful appeal of the matter, the company announced on Monday.

Weeks after the London Court of Appeal confirmed the Competition Commission's determination that BAA's travel hub must be unloaded in order to preserve competition conditions for United Kingdom fliers, the company said it would abide by the antitrust authorities' mandate.

"Having carefully considered the Court of Appeal’s recent ruling, BAA has decided...
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