FRANKFURT (Reuters UK) - Fraport FRAG remains interested in principle in Ferrovial's FER BAA airports in Britain and is reviewing whether taking a stake would make sense, a spokesman for the German airport operator said on Monday. German construction group Hochtief HOTG also expressed interest....
By John Bowker LONDON (Reuters UK) - Spain's Ferrovial FER must sell three of the seven British airports it bought for 10 billion pounds two years ago under a tougher-than-expected ruling on Wednesday. Two must be in London -- meaning Heathrow, Gatwick or Stansted --...
By John Bowker LONDON (Reuters) - Spanish builder Ferrovial FER must sell three of the seven British airports it bought for 10 billion pounds ($18 billion) two years ago under a tougher-than-expected ruling on Wednesday. Two of its three busy London airports, Heathrow,...
MADRID (Reuters UK) - Spain's Ferrovial FER said on Saturday it had reached a deal with ABN Amro Global Infrastructure Fund with the participation of Faros Infrastructure Partners to sell Belfast City Airport. The sale for 132.5 million pounds would generate a capital gain of...
Outlook For a man who had just been told he would have to give up three of his most valuable assets, Colin Matthews, chief executive of BAA, didn't look terribly upset yesterday. Dividing his time between pointing out that the Competition Commission had delivered just as...
The break-up of BAA, the airport operator that owns Heath- row and Gatwick, will move a step closer this week when the Competition Commission recommends selling key assets. The commission has been investigating BAA's market dominance in the South-east and Scotland since March last year, but this...
LONDON AFP — The chairman of BAA said he expected Britain's biggest airport operator to be ordered to break up the company, in an interview Saturday, which would mean selling off some of its key airports. Nigel Rudd acknowledged that Britain's Competition Commission regulator could force the move...
New car sales drop 13 per cent in year to July *The credit crunch bit into new car sales last month, with the number of purchases plummeting. A total of 153,420 new cars were registered in July 2008 - a 13 per cent fall on the July...
SANTIAGO, Chile -- Fitch Ratings today downgraded the bonds issued by Autopista del Maipo Sociedad Concesionaria S.A. AdM and insured by MBIA Insurance Corp MBIA to 'BBBchl' from 'AAAchl'. At the same time, Fitch has removed the ratings from Rating Watch Negative. The Rating Outlook is Stable....
Willie Walsh, the chief executive of British Airways, has abandoned his call for BAA's grip on Britain's airports to be broken, demanding tougher regulation instead. The airline's lobbying led to the current Competition Commission inquiry, which said in April that it was minded to split ownership....
A SLEEP-deprived woman has slept through bombs going off during the Troubles but she can't cope with living in the flight path of George Best City Airport because of the unrelenting roar of at least 72 aircraft a day. Fiona McKinley, spokeswoman...
THE organisers of the Royal Highland Show have threatened that its stand-off with BAA Airports could end up in court, accusing the Edinburgh airport owner of causing "incredible" delays to the show's proposed GBP353 million relocation. In the week when the Royal Highland...
ROME -- Venere.com - the world's largest independent hotel reservations website - and Trenitalia - the Italian Railway Transport Company FS Group - have launched a co-branded service where Trenitalia visitors can book their accommodation on a co-branded website with direct access from the FS's and Trenitalia's...
MADRID AFP — Spanish construction group Ferrovial said Monday it had received the approval of nine banks to restructure the debt of its British subsidiary, the airports operator BAA. "Nine financial establishments have given their approval on the conditions concerning a bank financing amounting to 7.65...
FRENCH National Railways SNCF is reported to be considering buying up to 49% of Italian freight operator Ferrovie Nord Cargo FCN. No bid was expected to be made public until this month at the earliest, but SNCF is also reputedly looking at other purchases in Europe. ...
AIRLINE INDUSTRY INFORMATION-C1997-2008 M2 COMMUNICATIONS LTD British airport operator BAA, which is owned by Spain's Ferrovial Group, has reported a loss for the first three months of this year. The company recorded a pre-tax loss of GBP62m for January-March 2008, against a profit of GBP89m in...
Ferrovial, owner of the embattled airport group BAA, has courted fresh controversy by publishing internal predictions that its profits at Heathrow will more than double within five years. The Spanish group expects the airport to generate 1.37bn in earnings after expenses by 2012, up an astonishing 117...
Ferrovial, the Spanish parent of BAA, was forced to put 400m of new cash into the beleaguered airport operator to convince its creditors to start talks on its massively delayed 9bn debt refinancing that has been hit hard by the credit crunch and doubts about its future as a group....
MILAN AFP — Prime minister-elect Silvio Berlusconi on Tuesday floated the idea of nationalising Alitalia instead of selling off the state's 49.9 percent share in the loss-making airline, media reports said. "We are going ahead looking for stakeholders ... but we may decide for the state to acquire...
Corporate predators circling Britain's biggest airports have approached former executives at BAA, the operator that faces a break- up later this year, to join their bid teams. Senior employees who have left the operator over the past 18 months have confirmed that they have been asked to...
Articles 2008-04-27
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