Wednesday, 29 December 2010

BAA owner's shares dive on Heathrow fines fears

Link to the article: The Independent

Shares in Ferrovial, the Spanish construction group that owns BAA, the Heathrow and Stansted airport operator, are under pressure after it emerged that the Coalition will introduce tough fines on underperforming airports.

BAA has come under fire for cancelling flights and even briefly shutting Heathrow airport during the cold snap. The company has been heavily criticised for not having enough de-icer to clear its runways during the crisis. It had stockpiled supplies sufficient for just 10 days.