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20 August 2012, 10:45
Airport operator has given up its long running legal battle to keep Stansted Airport.
The company, which recently lost a Court of Appeal ruling over Stansted, said it would not make a further appeal and would proceed with the sale of the Essex airport.
The Competition Commission (CC) had originally ruled that BAA must sell Gatwick, Stansted and one of its Scottish airports following an inquiry into the company's airport ownership.
A statement from BAA reads: "Having carefully considered the Court of Appeal’s recent ruling, BAA has decided not to appeal to the Supreme Court and is now proceeding with the sale of Stansted Airport.
We still believe that the Competition Commission ruling fails to recognise that Stansted and Heathrow serve different markets."