BAA Limited

BAA Airports Ltd. is the owner and operator of seven British airports and the operator of several other airports worldwide, making the company one of the largest transport companies in the world. BAA stems from British Airports Authority and it is owned by a consortium led by Grupo Ferrovial, a Spanish firm specialising in infrastructure.

BAA makes money from charging landing fees to airlines and increasingly from retail operations within those airports.

BAA does not operate all UK airports - many are in the ownership of local authorities or other corporations.

Recently BAA has expanded into international operations, including retail contracts at Boston Logan International Airport and Baltimore-Washington International Thurgood Marshall Airport (through its subsidiary BAA USA, Inc.), and a management contract with the City of Indianapolis to run the Indianapolis International Airport (as BAA Indianapolis, Inc.).

In December 2005, BAA made a winning bid of £1.2 billion for a 75% stake in Budapest Ferihegy International Airport, the largest airport in Hungary, which was being privatised by the Hungarian government. Following the take-over of BAA by Grupo Ferrovial in 2006, the decision was made to sell the stake in Ferihegy and this was completed in June 2007, when a consortium led by Hochtief AirPort of Germany purchased the stake.

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