OFT Considers Review Of U.K. Airports Market

Law360, New York (May 25, 2006, 12:00 AM EDT) -- The Office of Fair Trading has announced it is considering whether to open up an inquiry into Britain’s airport market as the airport operator BAA PLC is battling a hostile takeover bid.

Britain’s competition regulator said it may want to examine the airport market structure and BAA’s dominance in order to evaluate if the market is working in the best interest of consumers.

Last year, BAA owned and managed airports that dealt with 63% of travelers to and from Britain. BAA’s airports dealt with 92% of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.