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BAA has agreed to sell Gatwick Airport to Global Infrastructure Partners for £1.5bn, which could lead to a £900m investment in new facilities for airlines and passengers over the next four years. 21-Oct-2009 BAA has been ordered by the Competition Commission to sell Gatwick, Stansted and either Glasgow or Edinburgh airports. 19-Mar-2009 BAA has unveiled plans for a £40m extension at Edinburgh Airport over the next two years, including a new departure lounge, in order to increase passenger numbers to 13m per year. 12-Feb-2009 BAA has put Gatwick Airport up for sale with an estimated valuation of £1.8bn, in order to comply with an expected ruling by the Competition Commission. 17-Sep-2008 BAA has secured a £7.6bn financing package to fund the redevelopment of parts of Heathrow and Stansted airports, including a new Heathrow East building to replace terminals 1 and 2. 03-Jun-2008 BAA is looking to outsource some of its IT work, with the transfer of an unspecified number of jobs. 19-May-2008 BAA has submitted plans to build a new £2.5bn runway and terminal at Stansted Airport by 2015, which could create more than 13,000 jobs. 12-Mar-2008 BAA is to sell its World Duty Free chain of 58 stores to Autogrill of Italy for £547m, including outlets at Heathrow, Gatwick and Stansted. 11-Mar-2008 BAA is to consolidate several offices into a new 200,000 sq ft office at the Compass Centre in Heathrow. 22-Oct-2007 BAA is planning to shed up to 2,000 jobs at Heathrow, Gatwick, Stansted, Southampton, Glasgow, Edinburgh and Aberdeen, as part of an operational review that could lead to the sale of one or more airports. 30-Aug-2007 BAA, the airport operator, is seeking a suitable 200,000 sq ft site near Heathrow to consolidate its existing London and Thames Valley offices. 04-Jun-2007 BAA is to sell Budapest Airport in Hungary to a consortium led by Hochtief AirPort for £1.3bn. 10-May-2007 BAA has announced plans to invest £9.3bn in the development of Heathrow, Gatwick and Stansted airports over the next 11 years, in order to improve facilities and reduce congestion. 26-Apr-2007 BAA is investing £40m in the recruitment of 1,400 security guards and the opening of 22 new security lanes at its seven airports. 28-Mar-2007 BAA has unveiled plans to build a second runway and terminal at Stansted airport by 2015, as part of a £2.4bn expansion project. 31-Jan-2007 BAA Scotland has confirmed plans for a £10m expansion at Aberdeen Airport, including an improved international arrivals hall and a major runway extension. 19-Dec-2006 BAA has unveiled a revised masterplan to invest £300m in the expansion of Edinburgh Airport over the next ten years, which could result in the eviction of neighbours the Royal Highland & Agricultural Society of Scotland. 18-Jul-2006 BAA, the airports operator, has accepted a £16bn takeover bid from a consortium led by Ferrovial of Spain. 07-Jun-2006 BAA has announced plans to invest £9.5bn in the expansion of Heathrow, Gatwick and Stansted airports over the next ten years. 04-May-2006 BAA has submitted plans to Uttlesford District Council to expand capacity at Stansted airport from 25m passengers a year to 35m, which would involve making maximum use of the existing runway. 27-Apr-2006 BAA is to close Terminal 2 at Heathrow when the new Terminal 5 opens in March 2008, as part of the expansion and reorganisation of airport facilities. 28-Mar-2006 BAA is to shed 230 management jobs at Gatwick over the next 18 months, as part of a reorganisation of its customer services operation that will involve the loss of 700 jobs at its seven airports. 10-Mar-2006 BAA is expected to seek planning permission later this year for the development of the £1.3bn Heathrow East terminal, in order to handle 30m passengers a year. 23-Feb-2006 BAA, the airports operator with a market capitalisation of £8bn, is facing the prospect of a takeover approach from Ferrovial of Spain. 09-Feb-2006 BAA is to acquire a 75% stake in Budapest Ferihegy International Airport in Hungary for £1.2bn. 12-Dec-2005 BAA has announced proposals for the £50m expansion of Aberdeen Airport, including a £10m runway extension and the creation of 1,000 jobs, in order to cope with the expected doubling of passenger numbers by 2030. 29-Nov-2005 BAA has awarded a contract to Advanced Transport System to install the Ultra driverless taxi system at Heathrow Airport, which will involve pods carrying up to four people on a raised track. 21-Nov-2005 BAA is looking to demolish Heathrow's Terminal 2 and replace it with a new building, as part of a £1.5bn plan to revamp the airport in time for the 2012 Olympics. 11-Nov-2005 BAA is planning to shed 700 of the 12,000 jobs in its airports business, which will mainly affect management and administrative staff at Heathrow, Gatwick and Stansted. 02-Nov-2005 BAA Scotland has announced proposals for the expansion of Edinburgh Airport over the next 25 years, including a new runway and 10,000 jobs, and similar plans will be released for Glasgow and Aberdeen airports in the near future. 20-May-2005 BAA is planning to invest £6.8bn at its three London airports over the next ten years, in order to handle the predicted increase in passenger traffic at Heathrow, Gatwick and Stansted. 02-May-2005 BAA has raised £575m by transferring its offices and business parks into a joint venture with Morley Fund Management, and the proceeds will help fund its £8.7bn airport investment programme. 15-Feb-2005 BAA is to submit plans later this year for a further expansion at Stansted airport to handle 35m passengers a year. 29-Apr-2004 BAA has won a ten-year contract to manage Baltimore-Washington airport in the US. 12-Mar-2004 BAA Scotland is to set up a new £12m terminal at Glasgow Airport by May. 19-Jan-2004 BAA is to invest £450m at Heathrow airport over the next ten years, to prepare for the introduction of the A380 super-jumbo aircraft. 26-Nov-2003 BAA has announced a £425m bond issue to help finance its planned £8.4bn investment programme at Heathrow, Gatwick and Stansted airports over the next 11 years. 12-Aug-2003 BAA is to invest up to £30m in a new rail connection between Heathrow Airport and the west London suburbs of Hayes, Ealing and Southall, and the service is expected to start by the end of 2004. 26-Jun-2003 BAA is to recruit an additional 700 security staff at its seven UK airports this year. 04-Jun-2003 BAA is planning to invest £8.4bn on the expansion and modernisation of Heathrow, Gatwick and Stansted airports over the next 11 years. 06-May-2003 BAA is planning an 800,000 sq ft office and distribution development on a 48-acre site at Southampton International Airport. 28-Apr-2003 BAA has sold its stakes in designer outlets in York, Ashford, Mansfield and Livingston to Mayfair Limited Partnership for £165m. 02-Apr-2003 BAA Lynton is to sell its 15-acre Heathrow South Cargo Centre to US freight company Expeditors for £37m, and BAA will lease the site to support construction of the new airport terminal. 25-Nov-2002 BAA has withdrawn from the BAA McArthurGlen outlet mall joint venture, and McArthurGlen's main partner in future projects will be Richardson Developments. 30-Sep-2002 BAA has announced a £8bn 10-year investment programme for Heathrow, Gatwick and Stansted airports. 22-Apr-2002 BAA Scottish Airports has won permission to build a 250-bedroom four-star hotel at Glasgow International Airport by 2004, operated by Insignia Hotels. 04-Feb-2002 BAA has won government approval to build a £2.5bn fifth terminal at Heathrow Airport, which will create about 6,500 jobs. 21-Nov-2001 BAA is to sell its World Duty Free Americas business to Duty Free Acquisition of the US for £84m. 12-Oct-2001 BAA is set to win control of two airports in Oman by investing £9m in a consortium with the Suhail Bahwan group and ABB Equity Ventures. 11-Sep-2001 BAA is planning to invest up to £7bn in improvements at Heathrow, Gatwick and Stansted airports over the next 10 years. 31-Jul-2001 BAA is planning to link up with the Airline Group consortium to win overseas contracts to operate airports and air traffic control systems. 12-Apr-2001 BAA has formed a consortium to expand its airport interests in Australia, which will involve the acquisition of minority stakes in Perth International and Northern Territory airports. 05-Mar-2001 Eurotunnel is seeking new partners to operate the shops at the Channel tunnel terminals in Folkestone and Calais, as agreement has been reached for BAA to quit the contract by April. 05-Jan-2001 BAA has announced plans to invest £90m at Gatwick airport to improve facilities at the north terminal. 21-Dec-2000 BAA has indicated that it will have to invest a further £150m at Heathrow to prepare the airport to handle the Airbus superjumbo when it enters service in 2006. 19-Dec-2000 BAA is setting up a £177m property investment partnership with Scottish Widows to acquire and develop airport warehouses. 19-Dec-2000 BAA is planning to increase its average annual capital expenditure to £600m over the next ten years, so that its airports can cope with rising passenger numbers. 23-Oct-2000 BAA is considering plans to expand the Heathrow Express rail station to provide links to Waterloo, St Pancras and Reading. 06-Jun-2000 BAA is seeking to end its contract with Eurotunnel to operate the retail facilities at the Folkestone and Calais terminals, claiming that passenger numbers are lower than expected. 05-Jun-2000 BAA has raised £187m from the sale of eight airport hotels to a new investment fund called Airport Hotels Partnership. 17-Mar-2000 National Express is linking up with BAA to operate airport rail and coach links at Heathrow, Stansted and Gatwick. 02-Feb-2000 BAA is acquiring a stake of about 5% in Lastminute.com, the web-based supplier of travel and entertainment deals, for £8m. 14-Jan-2000 BAA is bidding for a 41% stake in Sagat SPA, the operator of Turin's Caselle airport. 10-Jan-2000 BAA has indicated that it may consider selling its US inflight duty-free business, and has written £147m off its value. 02-Nov-1999 BAA has won planning permission for a £30m extension at Gatwick airport's north terminal, which will include more shops and restaurants. 07-Oct-1999 BAA Lynton is planning to raise a £200m partnership fund to finance the running and development of airport hotels near Heathrow, Gatwick, Stansted and Edinburgh. 27-Sep-1999 BAA has announced plans for the construction of a £170m rail link between Heathrow airport and a number of places in south London and southern England, in conjunction with Railtrack and British Airways. 14-Sep-1999 BAA has won a licence to operate Chinese airports and is looking to acquire up to six middle-sized airports for its joint venture with the China Airport Construction Company. 30-Aug-1999 BAA Lynton is to start work at the end of the year on a £50m extension to the Hilton Hotel at Heathrow, which will incorporate 245 bedrooms and a convention centre. 10-Jun-1999 BAA is to apply for planning permission to expand Gatwick airport so that it can handle an extra 10m passengers a year, as it does not expect the fifth terminal at Heathrow to open until 2006. 31-May-1999 BAA has agreed a deal with Lynx Express to carry parcels on its Heathrow Express rail link between Heathrow and central London. 12-Mar-1999 BAA is to take over the retailing operations of Eurotunnel in July, which will involve shops in Folkestone and Calais and will enable Eurotunnel to focus on its rail operations. 05-Mar-1999 BAA has begun a review of its property division in order to focus on its core airport activities, and this could result in the sale of its Lynton subsidiary. 11-Jan-1999 BAA is linking up with CIR of Italy to bid in the planned privatisation of Italian airports, and the first target is expected to be the government's sale of a 55% stake in Aeroporti di Roma. 10-Sep-1998 BAA is to invest $7m expanding the retail and restaurant facilities at Newark airport in New Jersey. 27-Jun-1998 BAA is expected to win the contract to operate Newark airport in the US within the next few weeks, which would give a major boost to its international expansion plans. 11-May-1998 BAA is close to agreeing a deal with London Transport in which it will finance the construction of an extension of London Underground's Piccadilly Line to Heathrow's proposed Terminal 5. 04-Apr-1998 BAA has failed in its attempt to take over the running of South Africa's nine airports, as its joint bid with Schipol airport was beaten on price by Aeroporti di Roma. 21-Mar-1998 Duty Free International, now part of BAA, has won a five-year contract to provide in-flight duty free sales for British Midland. 05-Feb-1998 BAA is to invest up to £500m on the expansion of its network of foreign airports, with negotiations already taking place in the US, Australia, Germany and Italy. 01-Dec-1997 BAA has begun a major restructuring programme that will create four divisions - one running its UK airports, a duty-free subsidiary, a property company, and an international division. 29-Nov-1997 BAA is planning international expansion, and is in discussions with Newark airport in the US about operating its retail facilities. 17-Jul-1997 BAA is acquiring Duty Free International, the US duty-free operator, for £406m in order to prepare itself for the planned abolition of duty-free sales within the EU in 1999. 04-Jul-1997 BAA is to acquire a 65% stake in Naples airport, subject to local approval. 12-Feb-1997 BAA had a 5.5% increase in passenger numbers at its seven airports in 1996, representing a record 96.8m passengers. 15-Jan-1997 BAA, the airport operator, is in discussions with five train companies over plans to establish a nationwide network of rail links from Heathrow to Gatwick, the south coast, Manchester and Birmingham. 19-Sep-1996 BAA, the airport operator, is to provide most of the funding for the £70m project to extend London Underground's Piccadilly line to Heathrow Airport's new Terminal 5. 17-Sep-1996 BAA has acquired the remaining 30% of the £350m Heathrow Express project from British Rail for £20m. 23-Jul-1996 The government has raised £145m by selling its remaining 2.9% stake in BAA, the airports operator. 26-Jan-1996 BAA plans to acquire a controlling stake in Gesac, the company which runs Naples airport. 08-Jan-1996
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