Guay takes charge at Caisse de dpt Sep 7, 2008
A massive investment in London airports manager BAA Plc - including 300 million pounds, or about $600 million, reinjected recently - has also proven a sour deal so far, but Guay said that he expects it to be profitable over the long run. Ads by Google. (The Gazette (Montreal))
No-frills Ryanair cuts back due to fuel costs Jul 18, 2008
OLeary blamed BAA PLC, the company that operates all the major London airports, for forcing Ryanairs hand, and issued an identical complaint against the Dublin Airport Authority. In both cases, airport managers rejected a Ryanair proposal for lower fees per passenger in exchange for as uninterrupted winter business. (MSNBC -- Travel)
Fuel hike forces Ryanair to cut flights Jul 18, 2008
O'Leary blamed BAA PLC, the company that operates all the major London airports, for forcing Ryanair's hand. He also issued an identical complaint against the Dublin Airport Authority. (CNN -- Travel)
Ryanair cuts back winter flights, cites high costs of airport and fuel Jul 17, 2008
O'Leary blamed BAA PLC, the company that operates all the major London airports, for forcing Ryanair's hand. He launched identical complaints Tuesday against the Dublin Airport Authority as he unveiled winter cutbacks at the airline's second-largest base. (International Herald Tribune -- Technology)
Heathrow Airport's managing director quits job May 14, 2008
BAA PLC named Mike Brown as his replacement on Tuesday. Brown is currently chief operating officer at London Underground. (MSNBC -- Travel)
Terminal 5: Gateway to further national embarrassments Apr 3, 2008
Digging in the knife, the Tory shadow transport minister has urged the airline and BAA PLC, the airport owner, to ensure that future airport developments BA has further plans to refurbish terminals do not disrupt the Olympics. But the biggest failure is not the lost bags, the cancelled flights and the management failure, it is the belief that it could ever have been right. (Globe and Mail -- Business)
Terminal 5 woes enter the weekend Mar 30, 2008
The headache follows two days of continuous embarrassment for BA and BAA PLC, Heathrow's operator, both of whom had hoped the new terminal's opening would draw a line under persistent complaints over delays and poor service at the airport, which is Europe's busiest. advertisement. (MSNBC -- Travel)
Protestors Climb Atop Jet At Heathrow Feb 26, 2008
Heathrow operator BAA PLC said the protesters were arrested after about 90 minutes and taken to the airport's police station ... BAA PLC said the airport was operating normally Monday and that a full investigation would be launched. (CBS News)
Luggage problem at Heathrow Feb 23, 2008
BAA PLC, which owns Heathrow and the faulty system, said that prevented placing luggage into the hold. The biggest victims were British Airways passengers on long-haul flights. (Yahoo News)
Headaches at Heathrow Feb 21, 2008
BAA PLC, which owns Heathrow and the faulty system, said the crash prevented workers from being able to place luggage into the area where it is sorted for flights. advertisement. (MSNBC -- Travel)
Computer glitch disrupts flights at Heathrow Feb 21, 2008
BAA PLC, which owns Heathrow and the faulty system, says it prevented passengers from checking any luggage into the hold. The biggest victims are British Airways passengers on long-haul flights. (CNN -- Travel)
Biometric Data Collected At Heathrow Feb 2, 2008
The information is only required for domestic passengers at the terminal who want to visit the larger international lounge before boarding their flights, or passengers who arrive on an international flight and transfer to a domestic one, said a spokeswoman for Heathrow Airport owner BAA PLC.. In addition to the photo ID and boarding pass that all passengers must produce at their boarding gate, these customers also will be identified with the iris scan and fingerprint, the spokeswoman said,... (CBS News -- World)
Plane Lands Short Of Runway At Heathrow Jan 17, 2008
The Boeing 777 made an emergency landing at 1242 GMT and all passengers were evacuated, airport operator BAA PLC said. Three passengers were assessed for minor injuries following the incident, London Ambulance Service said. (CBS News -- 60 minutes)
Britain relaxes hand luggage rules Jan 5, 2008
Airport operator BAA PLC recommended that travelers check with airlines to see what carry-on baggage policy was in place at their departure airport. Transport Secretary Ruth Kelly said last week that improved security technology meant the restrictions could be relaxed. (CNN -- World)
Union says first of 3 airport strikes called off, others may be canceled in new deal Jan 1, 2008
Further work stoppages, called after airport operator BAA PLC announced plans to close its final-salary pension plan to new employees, would also be canceled if the union ratifies a new deal at a meeting planned for Wednesday. If they endorse our agreement the strikes will be called off, Murray said. (San Diego Union-Tribune -- Business)
British airport workers vote to strike Dec 23, 2007
The Unite union says staffers at seven airports -- including London's Heathrow and Gatwick -- are upset that airport operator BAA PLC plans to change its employee pension plan. The union predicts the job actions will lead to a "huge amount of disruption.". (WOKR13 Rochester)
British airport workers plan strikes next year Dec 22, 2007
The staff at seven airports, including London's Heathrow and Gatwick, decided to take action after airport operator BAA PLC announced its intention to change its employee pension plan, the Unite union said. RECENT NEWS. (Atlanta Journal-Constitution)
BAA sets 19 October deadline for waiver request, senior debt to remain at Libor +200bps Oct 18, 2007
The bonds are guaranteed by BAA Plc and carry guarantees from BAAs UK airports. Moodys withdrew a Ba1 corporate rating for BAA on 10 September, citing commercial reasons. (FT.com -- Markets)
Two planes collide at Heathrow Airport Oct 16, 2007
Passengers from both flights were evacuated safely after the collision at 10:10 pm local time (2110GMT), BAA PLC, which manages Heathrow, said in a statement. The company did not say how many passengers had been aboard the two aircraft at the time and provided no further details on the incident. (India Times, India)
Planes Collide on British Runway Oct 16, 2007
BAA PLC, which manages Heathrow, could not immediately be reached for comment. More from. (Time.com)
Freshfields' Restructuring Marks a Break With the Past Oct 6, 2007
Among a list of headline deals, it advised Spanish company Group Ferrovial, S.A., on its 10 billion-euro acquisition of British airports operator BAA plc, Germany company Linde AG on its 8. 9 billion-euro takeover of British chemicals and gases company The BOC Group plc, and London Stock Exchange plc on the 1. (Law.com)
Credit Rout May Paralyze $34 Billion of Infrastructure Loans, S&P Says Sep 6, 2007
Surging appetite for infrastructure assets prompted the takeover of U.K. airport operator BAA Plc by Grupo Ferrovial SA, a Spanish construction company, and the acquisition of Associated British Ports Holdings Plc by Goldman Sachs Group Inc. last year. Banks, saddled with as much as $332 billion of unsold leveraged loans, will now likely refrain from lending to infrastructure projects. (Bloomberg -- Asia)
Airports operator BAA names 2 high-profile directors as it attempts to repair reputation Aug 31, 2007
BAA PLC, the Spanish-owned airports operator facing harsh criticism for delays and overcrowding at Heathrow, announced the appointment of two high-profile directors on Friday in a bid to improve its poor public relations and performance. Former Alliance Boots PLC Chairman Nigel Rudd was named the non-executive chairman of the company controlled by Grupo Ferrovial SA, while former Metropolitan Police Commissioner John Stevens was named a non-executive director. (International Herald Tribune -- Business)
Airports operator BAA says considering job cuts but denies reported numbers of 2,000 Aug 30, 2007
BAA PLC, the Spanish-owned operator of British airports, said Thursday it was considering job cuts but has not decided on a number, after media reported that it was planning to slash 2,000 positions. BAA, controlled by Spanish construction group Ferrovial, said it has been conducting an efficiency review for several months, but has yet to reach conclusions. (International Herald Tribune -- Business)
Corporate affairs director, media head of embattled airports operator BAA resign Aug 23, 2007
LONDON: Spanish-owned BAA PLC, the British airport operator under fire for poor service, suffered another blow Wednesday with the resignation of its corporate affairs director and his right-hand man. Director of corporate affairs Duncan Bonfield and media relations head Mark Mann followed a number of other senior executives out the door of the company controlled by Spanish construction group Ferrovial. (International Herald Tribune -- Business)
Climate change activists camped near London's Heathrow airport begin a day of direct action Aug 20, 2007
Several hundred protesters walked through villages likely to be affected by a proposed new runway at the airport, Europe's busiest, and congregated at the nearby headquarters of airports operator BAA PLC.. Three young women climbed a steel-framed structure close to the building to hang a banner emblazoned with the slogan "Make Planes History.". (International Herald Tribune)
Climate activists protest at Heathrow Aug 14, 2007
Airport operator BAA PLC won an injunction last week barring protest group Plane Stupid from the airport, but other groups were allowed to demonstrate provided they do not disrupt the airport's operations. Prime Minister Gordon Brown's office warned the demonstrators not to interfere with the running of the airport. (MSNBC -- Environment)
UK competition watchdog to investigate customer service, security at airports operator BAA Aug 9, 2007
LONDON: Britain's competition watchdog said Thursday that an investigation into the market domination of airports operator BAA PLC will consider levels of customer service and security. The Competition Commission said it has already collected extensive evidence from a wide range of parties and was aware of concerns about the operation of airports including Heathrow, Gatwick and Stansted in London. (International Herald Tribune -- Sports)
Heathrow Seeks to Block Protests Jul 28, 2007
Heathrow's operator, BAA PLC, said it would ask a High Court judge at a hearing next Wednesday to limit the protest "to protect the operation of the airport and the safety of passengers and staff against the planned direct action by environmental activists.". It did not disclose the terms of the proposed injunction. (Forbes)
Wanna Buy a Bridge?: Selling U.S. Infrastructure Jul 24, 2007
Indianapolis International Airport is now the largest privately managed airport in the U.S. It is under a long-term management contract with BAA Indianapolis LLC, a wholly owned subsidiary of BAA plc (the privatized British Airport Authority). Of approximately 54,000 publicly owned water and wastewater systems, more than 5 percent of them have operations or maintenance contracts with private firms. (Newsmax)
Caisse eyes land around Heathrow Jul 11, 2007
The properties were put on the block by BAA PLC, which operates Heathrow and Gatwick airports, among other airport facilities in Britain, Australia and elsewhere. The Caisse already holds a 28. (Globe and Mail -- Business)
Grupo Ferrovial Aims to Make London's Heathrow the `World's Best Airport' Jun 29, 2007
June 29 (Bloomberg) -- Grupo Ferrovial SA, the Spanish builder that spent $20 billion buying BAA Plc, aims to turn London's Heathrow airport into the ``world's best'' as it cuts queuing times by hiring security guards and adds a new terminal. It's a big challenge but if anyone's up to it, it's BAA and Ferrovial,'' Rafael del Pino, Ferrovial's chairman and controlling shareholder, told reporters in Madrid yesterday. (Bloomberg -- UK)
Ryanair Cuts Fares, Says Ticket Prices Lower Than Forecast; Shares Slide Jun 20, 2007
Ryanair has about 40 planes at Stansted, its largest U.K. base, and could reduce that by about 10 percent depending on discussions with operator BAA Plc, the CEO said. EasyJet Complaint. (Bloomberg)
CPP hopes to avoid Auckland bidding war Jun 19, 2007
bec bought the world's largest airport operator, England's BAA PLC, in a deal valued at $19-billion (U.S). In May, the Ontario Teachers' Pension Plan and Australia's Victorian Funds Management Corp. teamed up to buy a 48. (Globe and Mail -- Business)
U.K. to Ease Planning Rules to Spur Construction of Homes, Nuclear Plants May 21, 2007
Planning delays have frustrated the efforts of government and companies to push through infrastructure projects in the U.K. BAA Plc needed eight years to gain permission to build a fifth terminal at London's Heathrow airport in 2001. British Energy Plc waited six years for the go-ahead to build the Sizewell B nuclear station, which entered service in 1995. (Bloomberg -- UK)
Caisse Says Competition Will Probably Reduce Private Equity Purchases May 19, 2007
4 billion) purchase of a 29 percent stake in BAA Plc, the operator of London's Heathrow Airport. The fund manager invested $500 million in the $17. (Bloomberg -- Canada)
In the politics of pay, it's up to us to show them the money May 19, 2007
9 per cent stake in coal seam gas producer Arrow Energy, the sale of its stake in Macquarie Goodman Group and advisory fees on the BAA plc takeover. Then there were the lucrative fees on the $20 billion Thames Water deal. (The Age)
Babcock & Brown Trumps Larger Rival Macquarie Bank With Alinta Purchase Mar 31, 2007
The bank participated in two of the world's 10 largest buyouts in 2006, including the acquisition of London-based BAA Plc, and is also leading a buyout group bidding A$11. 1 billion for Qantas Airways Ltd., Australia's largest airline. (Bloomberg -- Australia & New Zealand)
BAA's Dominance of Britain's Airports to Be Probed by Antitrust Regulator Mar 30, 2007
March 30 (Bloomberg) -- The U.K. Office of Fair Trading said today it will refer BAA Plc, the world's biggest operator of airports, to the Competition Commission for further investigation. The OFT started a consultation on BAA's dominance of U.K. airports in December, the agency said in a Regulatory News Statement today. (Bloomberg -- Europe)
Colonial First State Raises Funds for Infrastructure Investment Mar 25, 2007
Colonial was part of a Goldman Sachs Group Inc.-led group that unsuccessfully bid for London-based BAA Plc, the world's biggest airport owner, in June 2006. Colonial teamed with 3i Group Plc, Europe's largest publicly traded private equity firm, and the Canada Pension Plan Investment Board in its bid for AWG.. (Bloomberg)
ABN Amro, Deutsche Bank Units Among Cory Environmental Bidders, People Say Mar 6, 2007
Grupo Ferrovial SA, the Spanish builder that spent $19 billion buying U.K. airport operator BAA Plc, said on Feb. 26 that it was among companies studying Cory, without providing specifics. Sara Abad, a spokeswoman for Ferrovial in Madrid, declined to comment any further. (Bloomberg -- UK)
Macquarie Bank Forecasts Second-Half Profit to Top First Half; Shares Gain Mar 3, 2007
Macquarie won roles in two of the world's 10 largest buyouts in 2006, including RWE AG's Thames Water unit and BAA Plc, and ranked first for takeover work in Australia. The bank may earn A$150 million of fees for advising a group that agreed to buy the Thames unit, analysts at UBS AG estimated in October. (Bloomberg -- Australia & New Zealand)
Immigrant-Rich Spain Creates Half Euro Zone's New Jobs as Backlash Grows Mar 1, 2007
Last year, it bought U.K. airport manager BAA Plc. In the past four years, it has also bought Zurich-based Swiss airport operator Swissport International AG, London-based consultant and transport services provider Amey Plc and Barcelona-based waste disposal firm Cespa SA.. (Bloomberg)
Ferrovial FY net soars 242 pct to 1.425 bln eur boosted by one-time items UPDATE Feb 26, 2007
927 bln, due mainly to the consolidation of UK airports' operator BAA PLC.. At its services unit, sales rose 34. (Forbes -- Markets)
Caisse Posts 14.6 Percent Return in 2006, Warns That Gains Will Decline Feb 23, 2007
The Caisse teamed up with Spain's Grupo Ferrovial SA and other investors to buy BAA Plc of the U.K., the world's largest airport operator, for 15. 6 billion pounds ($30 billion). (Bloomberg -- Canada)
Macquarie Bank Shares Decline After Moss Says Earnings Growth Will Falter Feb 6, 2007
Macquarie participated in two of the world's ten largest buyouts in 2006 including RWE AG's Thames Water unit and BAA Plc, and ranked first for takeover work in Australia. The Sydney-based bank's stock rose to a record yesterday before today's briefing. (Bloomberg -- Australia & New Zealand)
BAA to Pledge Record $15.7 Billion of Airport Assets as Backing for Bonds Jan 30, 2007
Jan. 30 (Bloomberg) -- BAA Plc, the world's biggest airport operator, will pledge at least $15. 7 billion of assets from Heathrow, Gatwick and Stansted to back a sale of bonds in the largest deal of its kind. (Bloomberg -- UK)
Ferrovial hires Macquarie to sell assets of BAA in Australian airports - report Jan 4, 2007
9 pct stake in Sydney Airport, part of a deal reached with Macquarie in March when the Spanish constructor bought BAA PLC.. While the sale of assets is in preliminary stages, Expansion reported that BAA's stakes in the Melbourne, Perth and Launceston airports are worth more than 311 mln eur. (Forbes -- Markets)
Private equity rules as buyout kings Jan 2, 2007
Money flowed the other way too, with Canadian private equity buyers participating in bids for BAA PLC, which runs many of Britain's airports, and Qantas Airways Ltd., Australia's biggest airline. In addition to familiar names such as Onex, KKR and Ontario Teachers Pension Plan, new players such as Canada's Public Sector Pension Investment Board emerged as big buyers, adding to the competition for deals. (Globe and Mail -- Business)
