BAA Limited

From Wikipedia, the free encyclopedia
Jump to: navigation, search
BAA Limited
Type Private
Industry Transport
When it was created 13 December 1985 (as BAA PLC)
Headquarters Compass Centre
London Heathrow Airport
London, United Kingdom
Key people Colin Matthews (CEO)
Sir Nigel Rudd (Chairman)
Things made Airport operations and services
Money earned £2,567 million (2008)
Operating income £434.7 million (2008)
Owner(s) Groupo Ferrovial
Employees 13,000 approx. (2008)
Parent FGP TopCo Limited
Website baa.com

BAA Ltd. is a Spanish company who operates six British airports (including Heathrow Airport) and Naples Airport in Italy, making the company one of the largest transport companies in the world. BAA comes from British Airports Authority and is owned by a group led by Grupo Ferrovial, a Spanish firm specialising in infrastructure. The company's head office is in The Compass Centre on the grounds of London Heathrow Airport in the London Borough of Hillingdon.

BAA makes money from charging landing fees to airlines and from areas such as retail and property. BAA does not operate all UK airports - most are in the ownership of local authorities or other corporations.

BAA was once a listed on the FTSE 100 Index but is now owned by FGP TopCo Limited, an international group, which includes Caisse de dépôt et placement du Québec and GIC Special Investments, that is led by the Spanish Ferrovial Group.[1]

References[change | edit source]