BAA plc
 |
|
| Private company | |
| Industry | Transport |
| Founded | 13 December 1985 (as BAA plc) |
| Headquarters |
Compass Centre London Heathrow Airport Hounslow, United Kingdom |
|
Key people
|
John Holland-Kaye (CEO) Lord Deighton (Chairman) |
| Products | Airport operations and services |
| Revenue | £2,765 million (2015) |
| £223 million ((2015) | |
| £169 million ((2015) | |
| Owner | FGP Topco Limited |
|
Number of employees
|
6,500 approx. ((2016) |
| Subsidiaries | London Heathrow Airport |
| Website | www |
Heathrow Airport Holdings Limited, formerly BAA is the United Kingdom-based operator of London Heathrow Airport. The company also operated London Gatwick and Stansted airports, plus several other UK airports under its former name. It was formed by the privatisation of the British Airports Authority as BAA plc as part of Margaret Thatcher's moves to privatise government-owned assets, and was once a constituent of the FTSE 100 Index.
BAA plc was bought in 2006 by a consortium led by Ferrovial, a Spanish firm specialising in the design, construction, financing, operation and maintenance of transport, urban and services infrastructure. In March 2009 the company was required to sell Gatwick and Stansted airports, and over the following years sold all its airports other than Heathrow. The company was renamed Heathrow Airport Holdings in 2012 to reflect its main business.
The company's head office is located in The Compass Centre on the grounds of London Heathrow Airport in the London Borough of Hillingdon. The company makes money from charging landing fees to airlines and increasingly from ancillary operations within those airports such as retail and property.
The British Airports Authority was established by the passing of Airport Authority Act 1965, to take responsibility for three state-owned airports – London Heathrow Airport, London Gatwick Airport and London Stansted Airport (now owned by the Manchester Airports Group). In the following few years, the authority acquired responsibility for Glasgow International Airport, Edinburgh Airport, Southampton Airport and Aberdeen Airport. The Authority took on the Ministry of Civil Aviation Constabulary in 1966, which was renamed to become the British Airports Authority Constabulary, and was disbanded between 1974 and 1975.
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Wikipedia