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21 August 2012, 10:28
Stansted Airport is being sold, after it's owners BAA confirmed they were giving up a legal challenge to keep it.
They had mounted a challenge, after the Competition Commission ruled that they must sell Gatwick, Stansted and one of their Scottish airports following an inquiry.
BAA will now be responsible for just 4 airports, Heathrow, Southampton, Glasgow and Aberdeen.
Ryanair is reported to already be in negotiations to buy a stake in Stansted with a vision of a budget airport.
It comes as Virgin Atlantic announces the launch of its first domestic flights between Heathrow and Manchester.
The airline will operate three services a day from March, directly competing with British Airways.
Last week Virgin Trains lost a major rail franchise between London and Manchester.