The Ministry of Defence controls all commercial aviation
but as air travel becomes more popular running airports
becomes too complex and time-consuming for central
Labour minister Roy Jenkins introduces the Airports
Authority Bill. It is intended to make the nation's
airports more flexible and able to generate revenue
while remaining responsible to Parliament. The British
Airports Authority is established and assumes responsibility
for Heathrow, Gatwick, Stansted and Prestwick airports
the following year.
The British Airports Authority acquires Edinburgh,
Aberdeen and Glasgow airports.
The Airports Act is passed, the Authority is dissolved
and all its property, rights and liabilities are passed
to a new company, BAA. The following year BAA is floated
on the Stock Market.
Prestwick airport is sold.
BAA acquires Budapest Airport.
A consortium led by Ferrovial purchases BAA and BAA
de-lists from the Stock Exchange.
BAA sells Budapest Airport.
2009: The Competition
Commission orders the sale of Gatwick, Stansted and
one of either Edinburgh or Glasgow Airports. BAA appeals
against the decision to sell Stansted and Edinburgh
or Glasgow. The £1.51 billion sale of Gatwick
Airport to an entity controlled by Global Infrastructure
Partners completes in December 2009.
BAA sells its stake in Naples airport for £130