EasyJet says new airport ownership will not help

Wed Aug 20, 2008 10:08am BST
 
Email | Print | | Single Page
[-] Text [+]

LONDON (Reuters) - Low cost carrier easyJet said on Wednesday a change of ownership at airports would not help passengers or improve efficiency, and instead called for better regulation.

"Airports are individual monopolies. Selling a monopoly to a new owner will not help protect the consumer or improve efficiency. Airports need better regulation," Chief Executive Andy Harrison told Reuters in a telephone interview.

He said he backed the break-up of BAA, which has been instructed to sell three of its seven airports, but added it was less important than an overhaul of the regulatory system.

"A break-up of BAA is a step forward, but it is the bronze medal at the consumer protection Olympics. A gold medal would be a better, more effective regulator," he added.

The Competition Commission said earlier on Wednesday that BAA, owned by Spain's Ferrovial, should sell two of its three London airports and one of either Edinburgh or Glasgow.

It also criticised the regulatory regime under the Civil Aviation Authority CAA), which will also come under review.

(Reporting by John Bowker; editing by Rory Channing)

 
Zhu Zhu pet
Can I have one for Christmas?

The hottest toy in the U.S. this Christmas is an interactive hamster. It does not come from one of the major toy brands or from a movie but a small, seven-year-old company from Missouri.  Full Coverage 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos