BAA today announces that it has successfully placed a £400 million Sterling Class B bond, with a 2018 maturity and a fixed annual interest coupon of 6.25%...
BAA has completed a £625 million, four-year 'Class B' bank junior debt facility, marking significant progress towards a refinancing of the group's subordinated debt of £1.57 billion.
Following discussions at the conciliation service ACAS, trade unions have agreed to recommend to members BAA's revised offer.
We look forward to meeting the trade unions at ACAS on Monday...
We regret the uncertainty this vote has already caused our passengers and airline customers. We hope that the union will engage with us quickly to conclude an agreement..
The number of people travelling through BAA's UK airports increased by 0.3% to 10.9 million in July...
BAA today announces the sale of its US retail management contracts business for USD 50m (GBP 32m) to AMU Holdings Inc., a wholly-owned subsidiary of Prospect Capital Corporation...
Colin Matthews, Chief Executive Officer of BAA, said:
"Heathrow and Stansted delivered an encouraging performance during the first half of the year and this
partly offset the impact of volcanic ash and the British Airways cabin crew strikes...
“We are pleased to see the Transport Secretary’s announcement today setting out his approach to reforming the economic regulation of airports...