BAA takeover may be paid for by travellers - claim.
A takeover of British airports operator BAA Plc could see travellers paying the cost of the acquisition, according to IATA, the International Air Transport Association.
IATA said that passengers may end up paying for the takeover if the new owner increases airport charges to repay debts. According to the industry group, BAA is not properly regulated and would be likely to seek debt repayment through higher charges after the planned takeover by Spain's Ferrovial.
The director general of IATA, Giovani Bisignani, also said that British regulators have not been able to control BAA and IATA is critical towards the regulators as the price caps on BAA's London airports have made the company an attractive target for takeover bids, Reuters reported.
((Comments on this story may be sent to firstname.lastname@example.org))
|Printer friendly Cite/link Email Feedback|
|Comment:||BAA takeover may be paid for by travellers - claim.|
|Publication:||Airline Industry Information|
|Article Type:||Brief article|
|Date:||Jun 8, 2006|
|Previous Article:||IATA says Congo and Sierra Leone have long way to go on air safety.|
|Next Article:||Slovak authority extends deadline for ruling on airport privatisation.|