BAA to abandon Stansted battle.
Airport operator BAA has announced it is to give up its long legal battle over the forced sale of Stansted Airport.
The company, which recently lost a Court of Appeal ruling over Stansted, said it would not make a further appeal and would proceed with the sale of the Essex airport.
The Competition Commission (CC) had originally ruled that BAA must sell Gatwick, Stansted and one of its Scottish airports following an inquiry into the company's airport ownership.
BAA said on Monday: "We still believe that the CC ruling fails to recognise that Stansted and Heathrow serve different markets."
The BAA decision ends a process which began as far back as March 2007 when the Office of Fair Trading referred BAA airport services to the CC.
BAA mounted a series of legal challenges to the CC ruling, with the latest one - against the sale of Stansted - ending in defeat at the High Court in July this year.
After that latest loss, BAA said it would appeal to the Supreme Court but on Monday, the Spanish-owned company signalled an end to its fight to hang on to Stansted.
BAA, which formerly ran seven UK airports, will have responsibility for just four, Heathrow, Southampton, Glasgow and Aberdeen, once the Stansted sale is concluded.
Independent Television News Limited 2011. All rights reserved.
Independent Television News Limited 2012. All rights reserved.
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