Breaking up BAA "to hinder investment"

Breaking up BAA's control of several airports in the UK could have a detrimental effect on the country's travel industry, according to the firm.

Following its application for an additional runway at Stansted Airport, BAA said that the suggestion that the company should be broken up would "delay" investment in the UK's airports.

The firm has claimed that it is embarking upon a £6 billion programme of investment over the next five years to make significant improvements to its airports.

"No other airport operator in this country has demonstrated willingness to deliver that capacity and in fact proposed investments at non-BAA airports have either been postponed or cancelled completely, " the company stated.

Last week the new fifth terminal at Heathrow Airport was officially opened by the Queen, in a move which is expected to significantly boost the airport's capacity.

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