BAA plc: CAA Preliminary Proposals.Business Editors LONDON--(BUSINESS WIRE)--Nov. 2, 2001 On behalf of BAA Baa See BBB. plc, the CAA's proposals address directly the need for airport charges to be set at a level which encourages investment in airports to meet the nation's needs. The proposals are wide ranging. Whilst the CAA Caa See CCC. has adopted some important points of principle, including a move over time to a dual-till, the document is complex and detailed. There are a large number of significant points which we will wish to discuss in depth with the CAA over the coming months. As the report acknowledges, much of the work is based upon the business environment pre-September 11. In the short-term, while accurate forecasting is not possible, the development of the proposals will have to take account of the uncertainty. This is an early step in a process that will not conclude until late in 2002. 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; in the Indian Ocean Indian Ocean, third largest ocean, c.28,350,000 sq mi (73,427,000 sq km), extending from S Asia to Antarctica and from E Africa to SE Australia; it is c.4,000 mi (6,400 km) wide at the equator. It constitutes about 20% of the world's total ocean area. : Mauritius. 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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