Ryanair to buy Stansted stake after BAA loses case

Ryanair is planning on buying a stake in London’s Stansted Airport after competition authorities in the UK won a court case forcing the break-up of the BAA airport monopoly.

“BAA has decided not to appeal to the Supreme Court and is now proceeding with the sale of Stansted Airport,” the London-based, Spanish-owned group said yesterday.

The group added that it is still of the belief that the UK Competition Commission failed to recognise that Stansted and Heathrow serve different markets.