BAA Initial Response to the Government's Consultation Document Towards the Aviation White Paper.Business & Aviation Editors LONDON--(BUSINESS WIRE)--July 23, 2002 BAA Baa See BBB. plc, the world's leading airport company, welcomes the Government's decision to look at the UK's airport capacity for the next 30 years, and the Secretary of State's statement that doing nothing is not an option. Mike Hodgkinson, chief executive of BAA plc said; "We firmly support the creation of new airport capacity in the South East. Air transport is vital to the economy, currently contributing over (pound)10 billion to GDP GDP (guanosine diphosphate): see guanine. and generating over half a million jobs. It is also crucial to the success of the UK's global, knowledge-based industries such as financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , pharmaceuticals and biotechnology. We cannot afford to let other countries with expanding airport facilities attract our UK based businesses abroad, because of a lack of investment in the UK's aviation infrastructure. "However a decision on capacity cannot be made on economic grounds alone. The options will have significant environmental impacts which will have to be addressed. We believe that air transport should be allowed to grow, providing it meets its external costs, mitigating or compensating for any environmental impact. The challenge presented by the Government's paper is to achieve the balance. "We will now take the time to review the options from a technical point of view and will not comment further on them, until we have had time to consider all the implications and listened to the views of our stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. ." Notes to Editors: Copies of the consultation document are available from the Department for Transport www.airconsult.gov.uk BAA's international contracts include in the US: Pittsburgh, Indianapolis, Boston Logan; in Australia: Melbourne, Launceston, Perth, Alice Springs Alice Springs, town (1991 pop. 20,448), Northern Territory, Australia. It lies in a pastoral area surrounded by desert near the center of the continent and is a stop on the Adelaide Darwin Railway. , Tennant Creek and Darwin; in Continental Europe Continental Europe, also referred to as mainland Europe or simply the Continent, is the continent of Europe, explicitly excluding European islands and, at times, peninsulas. : Naples; in the Middle East: Seeb International and Salalah in Oman. BAA ordinary shares trade on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. ; prices may be accessed on Bloomberg under the symbol BAA LN, on the Reuter Equities 2000 Service under BAA.L and on Quotron under BAANU.EU. BAA ADRs, each equal to one ordinary share, appear on the pink sheets under BAAPY. Additional information is available on BAA's home page: http://www.baa.com. |
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